11. Competition, the primary mechanism of control in the market economy, promotes a unity of selfinterest and
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11. Competition, the primary mechanism of control in the market economy, promotes a unity of selfinterest and social interests. As directed by an invisible hand, competition harnesses the selfinterest motives of businesses and resource suppliers to further the social interest.
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Related Book For
Essentials Of Economics
ISBN: 9780073511313
2nd Edition
Authors: Stanley L. Brue, Campbell R. McConnell, Sean M. Flynn
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