Free Trade.docx - In the market economy inequality will...

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In the market economy, inequality will inevitably exist among companies and corporations because of competing interests. When there is competition, the goal is to build a market that will outpace other industries because the incentive is to produce products and resources that are of higher quality than the resources and products that competing industries produce in order to attract a large consumer market. Understanding the psychology behind trade and marketing is crucial because it provides one with a basic understanding of how
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Unformatted text preview: organizational dynamics drive consumer behavior. All in all, the end goal for all corporations that are competing in the market is to generate revenue, and an integral aspect to becoming profitable in the market is creating a business that is consumer focused. What this means is that each business will market their brands in a way where they will appeal to each consumer’s own personal tastes and preferences....
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