the importance of competition in an economy
Importance of the competition in an economy.
There are many brands and companies out there in the market that sells the same product, right? We all know that they are competitors. But have you ever thought about them. What will happen if there was no competition. Just one company for one product. And simple. Obviously that's what communism is. But I am talking about a market economy. In a market economy competitors play a really valuable role that we don't see often. So today let's see what is the importance of competitors for an economy.
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