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LekaFEV [45]
2 years ago
8

Why do businesses compete in free enterprise system?

Business
1 answer:
Bingel [31]2 years ago
3 0

Answer:

Businesses in free enterprise systems compete with each other to produce better products at better prices. Competition leads to innovation, new ideas and a more competitive market. Competiting allows businesses to control themselves and their ideas in an <em>efficent manner. </em>

<em>However, competition in the free enterprise systmem leads to lower wages and income.</em> It leads to the best product at the lowest price. It leads to a variety of products available to the consumer.

<u>if you liked my answer please mark me as brainliest !! thanks <3 !!</u>

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Philip Morris expects the sales for his clothing company to be $670,000 next year. Philip notes that net assets (Assets − Liabil
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the ending cash balance is $330,300

Explanation:

The computation of the ending cash balance is shown below:

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Answer the question on the basis of the accompanying production possibilities tables for two countries, Latalia and Trombonia.
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The production possibility table shows that in Latalia the domestic real cost of 1 ton of pork is C. 5 tons of beans.

<h3>What is production?</h3>

It should be noted that production simply means the creation of goods and services for consumers.

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brainly.com/question/16755022

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What is a niche market?
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