One of the Benefits of a Free Market Is That

question 112

Multiple Choice

One of the benefits of a free market is that:

• A) businesses provide customers with quality products at fair prices.
• B) businesses all make the same amount of profit.
• C) businesses do better with more government regulation.
• D) the government dictates the number of competitors there are in each industry.

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Definitions:

Welfare Capitalism

An approach where businesses provide social welfare services to their employees, aiming to improve living conditions and reduce labor unrest.

Prevent Unionization

Strategies employed by employers to discourage or prevent the formation or successful operation of labor unions within their organization.

Mass Production

A manufacturing process that produces large quantities of standardized products, utilizing assembly lines and automation to achieve efficiency and uniformity.

Labor Unions

Organizations formed by workers to advocate for their collective interests in wages, benefits, working conditions, and labor policies.