Is being pro-competition the same as being pro-business? Make sure to fully explain your answer.
Is being pro-competition the same as being pro-business? Make sure to fully explain your answer.
Homework Answers
Ans. No , being Pro Competition doesn't mean the same as being Pro business. This is because of following reasons :
1. In pro business , government directly assist specific businesses or industries whereas in Pro Competition , government ensures a level playing field for all.
2. In pro business , government provides special tax benefit to certain industries or businesses whereas in pro competition , government provides equal taxation.
3. In pro business government can limit competition in order to protect domestic industries whereas in pro competition government promotes more competition in industries and businesses.
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