Question

Competition is best fostered in which kinds of local economies?

a. unregulated economies of any kind
b. loosely regulated tribal societies such as those in parts of africa
c. regulated capitalist economies such as those in the united states and much of europe
d. heavily regulated communist societies such as that of cuba heavily regulated communist societies such as that of cuba

Answer 1

Regulated capitalist economies such as those in the United States and much of Europe are generally considered the best in fostering competition.

Step-by-step explanation:

In terms of fostering competition, regulated capitalist economies such as those in the United States and much of Europe are generally considered the best. While unregulated economies and heavily regulated communist societies like that of Cuba can both result in economic challenges, regulated capitalist economies strike a balance by providing some regulations that promote fair competition and prevent monopolies, while also allowing for entrepreneurial effort and economic growth. For example, these economies often have laws against anti-competitive practices and mechanisms for enforcing contracts, which helps create a level playing field for businesses.