Why do consumers benefit from free trade and the resulting competition between businesses?

Question

Quizplus · Accepted Answer

When businesses have to compete with one another, they are forced to keep their prices low and the quality of their products or services high in order to remain competitive. This benefits consumers because they can get more for their money and have access to better quality products or services. It also encourages businesses to innovate and come up with new ideas to improve their offerings, which can also benefit consumers.

Why Do Consumers Benefit from Free Trade and the Resulting