What Are the Advantages & Disadvantages of Economic Competition?

Answer

The advantages and disadvantages of economic competition have to do with success and failure. The great strength of a free market system is that everyone has the opportunity to make it big. The major flaw is that in every generation since it's inception only a dismal few actually get breakthrough.
Q&A Related to "What Are the Advantages & Disadvantages..."
Along with the advantage already listed (i.e. choice) economic competition forces companies and countries to increase their efficiency and continually seek ways to improve their production
http://www.ehow.com/info_8455003_advantages-disadv...
Therez Really Only 1 Disadvantage And Thtz The 1 Were U Lose Tbh xx
http://wiki.answers.com/Q/What_are_disadvantages_o...
Disadvantages:insufficient profits for investment,lack product vari...
http://www.chacha.com/question/what-are-the-disadv...
Adwords- Advantages are scale, better interface, features, etc. Disadvantages, the cost is typically a little higher when comparing individual keywords across Adwords/Microsoft Adcenter
http://www.quora.com/What-advantages-and-disadvant...
Explore this Topic
The disadvantage of competitive bidding is that it endorses competition amongst suppliers, and causes favouritism and corruption. However, the competitive bidding ...
There are both advantages and disadvantages to a competitive environment. Some people thrive in this type of environment. They perform their best because they ...
The advantages of oligopolistic competition are Oligopolies may adopt a highly competitive strategy, in which case they can generate similar benefits to more competitive ...
About -  Privacy -  AskEraser  -  Careers -  Ask Blog -  Mobile -  Help -  Feedback © 2014 Ask.com