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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Jamir Goodman

9 April, 01:39

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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Joel Ayers · 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.