Market Competition - Economics Vlog
7
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Greetings friends, this is an entry to the leofinance zealy campaign adventure vlog. This in response to the economics vlog and this video is about market competition.
Market competition is the allowing many businesses be in competition with each other to produce quality goods and servi to customers. Good market competition is needed to promote a nation's economic growth. A nation that promotes uncompetition in markets by favoring one business over others does not lead to positive economic growth.
In a market where is there competition, no one business controls the market and the prices of the goods but rather the consumers are in control of the market prices.
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