CA CPT Exam > CA CPT Questions > Wastes of competition are found in—a)Ca...
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Wastes of competition are found in—
- a)Capitalist economy
- b)Socialist economy
- c)Mixed economy
- d)None of these
Correct answer is option 'A'. Can you explain this answer?
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Wastes of competition are found in—a)Capitalist economyb)Sociali...
Competition in a capitalist economy often leads to the production of more goods and services than what is needed, resulting in excess production and waste. This waste can take many forms, such as unused resources, discarded products, and environmental pollution. In contrast, socialist and mixed economies typically have more central planning and regulation, which can help to reduce waste by ensuring that production is more closely aligned with societal needs.
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Wastes of competition are found in—a)Capitalist economyb)Sociali...
Many different areas, including:
1. Marketing and Advertising: Companies spend large amounts of money on advertising and marketing to differentiate themselves from their competitors. This can lead to wasteful spending, as companies may engage in costly campaigns that do not necessarily result in increased sales or market share.
2. Product Development: Companies may invest significant resources in developing new products or features in an effort to stay ahead of their competitors. However, not all of these investments may pay off, leading to wasteful spending.
3. Price Wars: Companies may engage in price wars to gain market share or drive competitors out of business. While this may benefit consumers in the short-term, it can lead to a race to the bottom in terms of pricing, which can be detrimental to the long-term viability of businesses.
4. Duplication of Effort: Companies may develop redundant products or services in an effort to compete with their rivals. This can lead to wasted resources and inefficiencies.
5. Legal Battles: Companies may engage in costly legal battles to protect their intellectual property or to challenge a competitor's patents or trademarks. These disputes can be time-consuming and expensive, diverting resources away from other areas of the business.
1. Marketing and Advertising: Companies spend large amounts of money on advertising and marketing to differentiate themselves from their competitors. This can lead to wasteful spending, as companies may engage in costly campaigns that do not necessarily result in increased sales or market share.
2. Product Development: Companies may invest significant resources in developing new products or features in an effort to stay ahead of their competitors. However, not all of these investments may pay off, leading to wasteful spending.
3. Price Wars: Companies may engage in price wars to gain market share or drive competitors out of business. While this may benefit consumers in the short-term, it can lead to a race to the bottom in terms of pricing, which can be detrimental to the long-term viability of businesses.
4. Duplication of Effort: Companies may develop redundant products or services in an effort to compete with their rivals. This can lead to wasted resources and inefficiencies.
5. Legal Battles: Companies may engage in costly legal battles to protect their intellectual property or to challenge a competitor's patents or trademarks. These disputes can be time-consuming and expensive, diverting resources away from other areas of the business.
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Wastes of competition are found in—a)Capitalist economyb)Sociali...
Waste of competition are found in capitalistic economy. This is because the prices are determined by the free interaction of the forces of demand and supply.
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Wastes of competition are found in—a)Capitalist economyb)Socialist economyc)Mixed economyd)None of theseCorrect answer is option 'A'. Can you explain this answer?
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Wastes of competition are found in—a)Capitalist economyb)Socialist economyc)Mixed economyd)None of theseCorrect answer is option 'A'. Can you explain this answer? for CA CPT 2025 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about Wastes of competition are found in—a)Capitalist economyb)Socialist economyc)Mixed economyd)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA CPT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Wastes of competition are found in—a)Capitalist economyb)Socialist economyc)Mixed economyd)None of theseCorrect answer is option 'A'. Can you explain this answer?.
Wastes of competition are found in—a)Capitalist economyb)Socialist economyc)Mixed economyd)None of theseCorrect answer is option 'A'. Can you explain this answer? for CA CPT 2025 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about Wastes of competition are found in—a)Capitalist economyb)Socialist economyc)Mixed economyd)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA CPT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Wastes of competition are found in—a)Capitalist economyb)Socialist economyc)Mixed economyd)None of theseCorrect answer is option 'A'. Can you explain this answer?.
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