Competition between businesses produces four basic forms of - TopicsExpress

Competition between businesses produces four basic forms of unnecessary inefficiency and hence resulting waste: (a) Proprietary incompatibility of related goods components (lack of standardization) (b) Wasteful multiplicity of goods by competing businesses of the same genre (c) Incentivized good weakness to encourage turnover (planned obsolescence) (d) Inherent good weakness due to seeking cost efficiency (intrinsic obsolescence)

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