How does competition for financing determine how resources are allocated in the market economy?
The most narrow form is direct competition (also called category competition or brand competition), where products which perform the same function compete against each other. For example, one brand of pick-up trucks competes with several other brands of pick-up trucks. ChaCha!
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How does competition for financing determine how resources are allocated on the market economy?
The most narrow form is direct competition (also called categ...
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