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gayaneshka [121]
3 years ago
5

Supporters of free trade argue that it creates which economic benefit?

Business
2 answers:
Zepler [3.9K]3 years ago
7 0

Answer:

C. Increasing efficiency by allowing for greater specialization

Explanation:

A free economy is one where the forces of demand and supply determine production and consumption. The government or the central authority does not interfere with economic activities in a free economy.

In a free economy, the factors of production are held by the private sector. There is increased business competition as entrepreneurs have the freedom to open a business of their choice. Buyers have the liberty to buy from their preferred suppliers.  Businesses are profit-motivated, which forces entrepreneurs to be creative and innovative to win customers and make more sales. They have to specialize and increase their efficiency to be more competitive.  

Margaret [11]3 years ago
5 0

Answer:

c

Explanation:

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Industry value chains Multiple choice question. generally have little effect on the company's cost competitiveness and customer
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