Why do businesses compete in a free enterprise system?

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asked Jul 16, 2016 211k views

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Hecatonchires · Answer 1 · 2016-07-22T18:19:49+0000

In a free enterprise (or free market) system, government regulation is ideally kept to a minimum, which means that the "best" idea wins when it comes to being a business. Competition is therefore inevitable, because if one business wants to make more money than another, it has to compete for the better idea.

Why do businesses compete in a free enterprise system?

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