Explain how competition in the marketplace spreads new technology, lowers prices, and results in higher efficiency for manufacturers

Competition might be seen a threat for many companies but it is beneficial for the end customer.

Explanation:

When there is free competition in the market, customer have a lot of choice. E.g. if they want to buy a car, they can buy it from either Company A,B,C etc.

Since every company is working towards making the highest profit, they will try to provide different incentives to attract customers.

Company A might decide to lower prices of their cars, while company B might invest in a new feature to attract customers.

Company C, might not have the capacity to do either and might work on improving their manufacturing process and make themselves more efficient, to reduce costs and stay in the market.

Free market competition provides better choices, innovation and lower prices for the customer.

- three-quarters or two-thirds..

- "the constitution provides that an amendment may be proposed either by the congress with a two-thirds majority vote in both the house of representatives and the senate or by a constitutional convention called for by two-thirds of the state legislatures."

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the correct answer is a) he thought the government’s military action was a mistake.

the whiskey rebellion was a tax protest in the us that started in 1791 and ended in 1974. it has this name because the whiskey tax was the first tax that was imposed on a domestic product by the new federal government.

jefferson was against the government’s military action because he believed that the purpose of the government was to protect the unalienable rights of its citizens and that these rights include life, liberty, and the pursuit of happiness and he thought that people had the constitutional right to rebel. he has said: “the first error was to pass it (the whiskey tax); the second was to enforce it; and the third, to make it the means of splitting this union.”

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