Kate Andrews writes for CityAM
The entrance into the market of a new competitor, and the downward impact on prices it will cause, provides a strong justification of the virtues of a market economy. Kate writes:
“When markets are liberalised and competitive, consumers are presented with an array of choice. The costs of goods and services tend to fall, giving people who could already purchase products greater flexibility with their disposable income, and making products accessible to those who couldn’t previously afford them at all.”
Read the full article here.