ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The struggle among producers for the dollars of consumers.
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Competition
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Market
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Firm
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Profit
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Explanation:
Detailed explanation-1: -Competition is the struggle among producers for the dollars of consumers.
Detailed explanation-2: -Competition-The struggle among producers for the dollars of consumers. The rivalry among sellers to attract customers while lowering costs. Profit Motive-The force that encourages people and organizations to improve their material well-being.
Detailed explanation-3: -What is the term for the struggle between companies for customers? Sales and rebates are examples of what market strategy? Price competition.
Detailed explanation-4: -Competition: the struggle among sellers to attract consumers with the best products at the lowest prices.
There is 1 question to complete.