In every economy people vie for the economy's rationing device,a process called

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Competition is the process where individuals and groups actively compete to obtain the limited resources offered by an economy. This competition leads to a natural rationing of resources, where those who are most efficient and effective at producing goods and services receive the majority of the resources. Additionally, competition helps to determine the price of goods and services, as companies seek to set prices at a level that will attract customers while still earning a profit. Therefore, competition is the primary mechanism through which economies ration their resources.

In Every Economy People Vie for the Economy's Rationing Device,a