मराठी

How does competition in capitalism benefit consumers?

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प्रश्न

How does competition in capitalism benefit consumers?

पर्याय

  • Reduces choices

  • Increases prices

  • Drives innovation and lowers costs

  • Discourages new businesses

MCQ
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उत्तर

Drives innovation and lowers costs

Explanation:

Competition among businesses leads to innovation, better products, and more affordable prices for consumers.

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