Question

"In order to create a fair and prosperous society for businesses and workers, government must introduce rules and laws that promote competition."

How does promoting competition contribute to a democratic society? (3 points)


Competition gives the weakest member of society an advantage that the strongest members do not get.

Competition benefits the consumer by helping to keep prices low and happy customers tend to vote more.

Competition encourages people to try new approaches and allows anyone with a good idea a chance to succeed.

Competition allows the government of a democratic society to gain control of a wider tax base to support all businesses.

Answer 1

Competition encourages people to try new approaches and allows anyone with a good idea a chance to succeed.

Step-by-step explanation:

Answer 2

The correct answer is the third statement.

Competition among businesses results in the creation of new goods, resources, and technologies. Businesses are constantly striving to be innovative in order to offer something to the American public that no other company has. This is why companies like Apple are constantly adding new features to their cell phones.

Even though this competition can drive down price, there is no known correlation between happy customers and their participation in democracy. This is why the third answer is the only one that can be correct.