Explain How Consumers Benefit from Business Competition

question 24

Essay

Explain how consumers benefit from business competition.

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Definitions:

Irreversible

A process or event that cannot be undone or reversed once it has occurred.

Symbolic Function

Piaget’s term for ability to use mental representations (words, numbers, or images) to which a child has attached meaning.

Pretend Play

A form of play among children where they use their imagination to create scenarios, roles, and activities.

Object Permanence

Piaget’s term for the understanding that a person or object still exists when out of sight.