Back to category: Business Limited version - please login or register to view the entire paper. Competiton-Is is Necessary Tondaleria Marcus Economics November 13, 2003 Competition is the freedom to produce and the freedom to trade what one has produced for one’s own self interest, in the pursuit of one’s own happiness. Politically speaking, competition is a consequence of the political right to life, liberty, and the pursuit of happiness; especially when it is applied to the economic sphere of production and trade. Competition among producers is not done out of service to consumers, which is the end result, but because of self-interest-the profit motive. This also results in a free market or free trade. Free market competition also assumes a social system that is based on individual rights and these r... Posted by: Sylvia Schiavoni Limited version - please login or register to view the entire paper. |
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