To generate business in a market economy, producers engage in competition by offering lower prices. specializing their products. improving quality. giving consumers many options.

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Yurem Newton

8 June, 12:26

To generate business in a market economy, producers engage in competition by offering lower prices. specializing their products. improving quality. giving consumers many options.

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Anne Lindsey · Answer 1

To generate business in a market economy, producers engage in competition by offering lower prices.

This way, there will be more demand for goods, because the goods are going to be cheaper. And people love buying discounted stuff which will in turn improve the business.