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Why is decentralization of power an important part of capitalism and a free-market economy?

A. It strengthens companies by helping them form alliances.
B. It keeps any one company from becoming a monopoly.
C. It makes it illegal for companies to gain too much power.
D. It prevents workers from asking companies for raises.

Sagot :

GinnyAnswer

Final answer:

Decentralization in capitalism and free markets prevents monopolies, fosters competition, and protects workers from low wages.


Explanation:

Decentralization of power is an important aspect of capitalism and a free-market economy because it helps prevent any one company from becoming a monopoly, which can lead to a concentration of market power and hinder competition. In a decentralized system, companies are constantly tested to satisfy consumers, innovate, and improve, ultimately benefiting both consumers and the economy as a whole.

Moreover, decentralization provides procedural fairness to employees and empowers them, leading to faster decision-making and attracting job candidates. It also protects workers from low wages by encouraging competition among employers to offer better wages to attract and retain employees.


Learn more about Decentralization in Capitalism and Free Markets here:

https://brainly.com/question/43750892


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