Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

1. Analyze: According to Adam Smith, why is competition a good thing? Explain.

Sagot :

GinnyAnswer

Final answer:

Competition in capitalism, highlighted by Adam Smith, encourages continuous improvement of products and services through businesses striving to offer better quality at lower prices.


Explanation:

Competition in capitalism, as emphasized by Adam Smith, is beneficial because it drives continuous improvement of products and services. Businesses strive to outperform each other by offering better quality at lower prices, leading to innovation and better value for consumers. This dynamic competition fosters progress and efficiency in the market.


Learn more about Competition in capitalism here:

https://brainly.com/question/32223261


Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.