THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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monopoly
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competition
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liability (risk)
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start-ups
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Detailed explanation-1: -Competition in America is about price, selection, and service. it benefits consumers by keeping prices low and the quality and choice of goods and services high. Competition makes our economy work. By enforcing antitrust laws, the Federal trade Commission helps to ensure that our markets are open and free.
Detailed explanation-2: -Economists have identified four types of competition-perfect competition, monopolistic competition, oligopoly, and monopoly.
Detailed explanation-3: -One of the most effective ways to attract customers is through giveaways. You can give away freebies or offer your product for free for a limited time period. This way, new customers will be attracted towards your business, and you will easily be able to increase your number of new customers.