In private ownership,liquidation of a firm is forced by competition.

Name: In private ownership,liquidation of a firm is forced by competition.
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In a market economy, firms that are unable to compete effectively may be forced to liquidate or go out of business. This is a natural process that helps to ensure resources are allocated efficiently and that only the most productive firms survive over time. Thus, in private ownership, liquidation of a firm is primarily driven by market competition.

In Private Ownership,liquidation of a Firm Is Forced by Competition