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S. R.
Lv 6
S. R. asked in News & EventsCurrent Events · 7 years ago

True or False -The government NOT helping your competitor/s helps businesses in general and the buying public.?

3 Answers

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  • 7 years ago
    Favorite Answer

    True: that is the basic idea of free-markets. Once there is a competition, customers would make their own choice. More free-will will lock customers to enjoy products and thus buying those products. Smartphone is a good example. Ericsson was the first company to sell smartphone. However, the competition was too weak to keep the market on. Then, Nokia, Apple, Sony, Samsung, LG etc joined the market. The competition turned on the markets.

    Luke 8

    16 No man when he hath lighted a candle, covereth it under a vessel, neither putteth it under the bed, but setteth it on a candlestick, that they that enter in, may see the light.

    17 For nothing is secret, that shall not be evident, neither anything hid, that shall not be known, and come to light.

    18 Take heed therefore how ye hear; for whosoever hath, to him shall be given; and whosoever hath not, from him shall be taken even that which it seemeth that he hath.

  • ?
    Lv 7
    7 years ago

    True, customers vote with their feet, they either buy the brand or what they perceive as value for money, it is up to businesses to produce goods that people want at the right price but at the same time make sure it covers their overheads and costs and yes, they do need to make a profit (otherwise they just go bankrupt).

    The more thriving businesses there are the more jobs are available giving people an opportunity to make a life for themselves, subsidising one business against another simply leads to a race to the bottom, when other businesses cannot compete they close so there are less jobs and there is less money to keep the economy moving.

    The whole reason nationalisation was a downward spiral, it had to crash eventually!

  • 7 years ago

    TRUE

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