why is competition an important part of a market economy?\nit helps businesses influence government and the…

why is competition an important part of a market economy?\nit helps businesses influence government and the economy.\nit helps businesses control the prices of goods and services.\nit helps consumers by providing more choices and keeping prices low.\nit helps consumers to easily determine the quality of goods and services.

why is competition an important part of a market economy?\nit helps businesses influence government and the economy.\nit helps businesses control the prices of goods and services.\nit helps consumers by providing more choices and keeping prices low.\nit helps consumers to easily determine the quality of goods and services.

Answer

Brief Explanations:

In a market - economy, competition among producers leads to more products being available for consumers to choose from. Also, producers try to attract consumers by keeping prices low. It doesn't help businesses control prices (as that's anti - competitive), nor does it directly help consumers determine quality easily, and it's not mainly about businesses influencing government.

Answer:

It helps consumers by providing more choices and keeping prices low.