What is one downside for consumers to competition in a free enterprise system consumers must be knowledgeable?
What is one downside for consumers to competition in a free-enterprise system? Consumers have limited choices. The quality of goods often suffers. The price of goods often decreases.Click to see full answer. Similarly one may ask, what is one downside for consumers to competition in a free enterprise system?Consumers have limited choices is one downside…
What is one downside for consumers to competition in a free-enterprise system? Consumers have limited choices. The quality of goods often suffers. The price of goods often decreases.Click to see full answer. Similarly one may ask, what is one downside for consumers to competition in a free enterprise system?Consumers have limited choices is one downside to competition in a free-enterprise system. Further Explanation: Free enterprises area form of economy where services, product, and price is determined by the market. It will be a form of Capitalism, not communism. what do producers decide in a free enterprise system? Businesses are the producers in a free market system. It is the businesses that are responsible for producing the highest quality goods and services at prices that maximize profits. Businesses respond to what consumers want and what consumers are spending their money on. One may also ask, what is one downside for consumers to competition in a free enterprise system quizlet? Consumers must be knowledgeable. some restrictions on business ownership and business activity. Regulation is the placing of limits or restrictions on business activity by the government.What is regulation in an economic system quizlet?Regulation is the placing of limits or restrictions on business activity by the government. What is one downside to competition in a free-enterprise system? Consumers must be knowledgeable. Innovation allows producers to. create goods that draw consumer attention.
