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| Name | The Importance of Competition | Intellections |
| Video Uploader | Video From PolicyEd |
| Upload Date | This Video Uploaded At 17-10-2016 22:20:50 |
| Video Discription | The Only Thing That Reliably Leads to Lower Prices And Higher Quality Goods Industries without much competition are marked by high prices, low customer service, and a lack of innovation. But when competition thrives in a market, consumers get better goods and services at lower prices. Existing producers in the market don’t like competition, but it’s good for consumers. Some businesses will succeed and others will fail. But as long as it is easy for new competitors to enter the market, prices will stay low and innovation will continue. [dj-U9TDRNsA] |
| Category | Education |
| Tags | competition | price | costs | economics | innovation | service | market | competitors |
