Introduction to Law Deneme Sınavı Sorusu #721970

Which term describes "a contest where economic decisions can be
taken freely by the undertakings in the markets for goods and services."?


Fair trading

Pricing

Free market

Competition

Capital


Yanıt Açıklaması:

Competition is generally defined as a contest where economic decisions can be taken freely by the undertakings in the markets for goods and services. It can be referred to as a contest or play where in the playground (market), for all the players (competitors) and the stakeholders, the play should be competitive and fair. This requirement sets forth certain duties not only for the players but also for the regulators.

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