Chapter 9, Problem 8AA

To determine

To find: The correct word that completes the given sentence.

Answer to Problem 8AA

The correct word that completes the given sentence is promote.

Explanation of Solution

Regulations are significant as they provide a set of direction and instructions to the businesses to perform. It structures the operations of the business. Had regulations not been imposed on the businesses, many companies can indulge themselves in unethical practices. Therefore, government helps in promoting healthy competition through regulation.

So, the correct word that completes the given sentence is promote.

Economics Concept Introduction

Introduction: Competition refers to the rivalry between market forces which can be companies, firms or even small sized local stores. The competition is usually between the market forces selling similar or identical goods or services.