What did Turgot believe about market competition?
Promote competition
Limit competition
Eliminate competition
Ignore competition
Answer
Promote competition. Turgot, an 18th-century French economist, believed that market competition was essential for economic growth and prosperity. He argued that competition would lead to lower prices, higher quality goods, and greater innovation. He also believed that competition would prevent monopolies from forming and exploiting consumers.
31 Anne Robert Jacques Turgot Questions: Can You Get a Perfect Score?
Subscribe Now!
Learn something
new everyday
Playing quizzes is free! We send 1 quiz every week to your inbox