Answer: Without competition, people would not have a lot of choices.
In economics, a free market is a system in which the prices for goods and services are determined by the producers and consumers, in which the laws of supply and demand are free from any intervention by a government or other authority.
In a free market, a choice on what products are produced, how, when and where they are made, its target market and at what price are all based on supply and demand.
Supply and demand create competition which in turn gives people a lot of choices, better quality at a lower price.
Answer: Without competition, people would not have a lot of choices.
