Question

Under capitalism which industry does not need to compete?

a)Healthcare

b)Energy

c)Agriculture

d)All industries compete
@antanasia220 @benlindquist

Answer 1

To compete in a free economy means to create and offer better values to customers than rival firms. Successful competitors focus on reality, inventions, innovations, materials and methods–not on rivals per se. They’re independent, unconventional, often rebellious toward accepted norms and opinions. They’re first-handed. They don’t copy–they originate. They don’t travel well-warn paths–they blaze new commercial trails. They are forward-looking–not mired in the past or in the status quo or burdened by conventional habits. They’re not passive order-takers” or servants of demanding consumers. They invent products and processes that consumers never heard of nor could dream of. http://capitalismmagazine.com/2000/01/what-does-competition-mean-under-capitalism/

Answer 2

If a capitalist competitor doesn't succeed in the context of voluntary exchange, ... Competition under capitalism leads not to the restriction of output at ... profits are found among the smaller, younger companies in any industry... http://capitalismmagazine.com/2000/01/what-does-competition-mean-under-capitalism/

Answer 3

well if its truly capitalist then wouldn't all companies be able to set there own prices