Answer:
a) Increased competition acts as a spur to greater efficiency, leading to lower costs and prices for consumers.
b) In some markets, such as airlines and telecoms, deregulation has enabled an increased number of firms, allowing lower prices for consumers. This is particularly noticeable with low-cost airlines and falling prices of telephone calls.
c) Government regulation often involves excessive costs of bureaucracy.
Deregulation allows consumers greater choices
The correct answer is workers would violently overthrow the capitalist system and create a new society where the means of production and distribution are shared among all.
Communism can be defined as a doctrine or ideology (social, political and economic proposals) aimed at creating a society without social classes. According to this ideology, the means of production (factories, farms, mines, etc.) would cease to be private, becoming public.
1. A belief for which a person will work to defend
Conviction is the act of convincing
Romance languages. Some languages derived from Latin are French and Italian, both romance languages.