MANAGEMENT

Detailed explanation-1: -Answer and Explanation: In the free market, the struggle among producers for consumer dollars is called competition.

Detailed explanation-2: -Competition is the struggle among producers for the dollars of consumers.

Detailed explanation-3: -Economists call the struggle among producers for the dollars of consumers, competition. Self-interest is the motivating force and competition is the regulating force of a free market.

Detailed explanation-4: -What is the struggle among various producers for the consumer’s business called? Competition. Why does even a free market economy need some government intervention? To provide for things that the marketplace does not address.

Detailed explanation-5: -Competition: the struggle among sellers to attract consumers with the best products at the lowest prices. What are the benefits of Free Enterprise Capitalism?