In your opinion, why is competition important for businesses? Use evidence to support your answer.

Competition is important because it gives the buyer a variety of choices, and the buyer can choose which is the best based on how well the buisness competes.

Explanation:

Competition is important for business because some people like another brand instead of your brand, so businesses like to up their game and make it so that if people had to choose which business to go to, they would choose yours. It's so that you stand out from other business or your competitors, and then the customers will almost always come to you. It also gives you ways to improve your business.

(I do not know where you wanted me to get the evidence from)

i took very good i wish you luck! i hope it .

for many centuries there were important factors which the economies of the muslim empires developed increasingly. they applied economic procedures in production, investment, finance, taxation and property. they used to tax certain goods (for example: harvest), they charged interest on money lent, they signed contracts with merchants; they relied on a common currency, and they used checks as well as promissory notes. with the money collected by means of taxation, the government provided the needy with an income. in addition, trading networks covered huge distances, so far regions started to have contact and exchange goods. this trade network covered areas of asia, africa and europe.