Competition. It lowers prices, raises the quality of goods, and provides America with a national pastime. With no competition, the idea of a consumer led economy could not exist, as competition itself is created by two businesses or consumers each working towards the same goal. Competition is the basis of what gives consumers the ability to choose.
If two companies are both selling the same product, which one would sell first? It depends on the price and quality of the product. An easy example is fast food chains. McDonald 's and Wendy 's both sell the same type of food, therefore they are constantly competing with each other by lowering prices, improving the quality, and creating more appealing products. Whichever one is cheaper and