cintaeerenez cintaeerenez
  • 26-02-2017
  • Business
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How is the principle of open opportunity different from guaranteeing success to everyone in the marketplace?

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Hagrid
Hagrid Hagrid
  • 10-03-2017
The principle of open opportunity in the marketplace means that anyone who wants to put up a business is welcome to do so. However, the success of his business rests entirely on how well it is received in the market.

Guaranteeing success to everyone in the marketplace is impossible. Competition is always present. Demand and supply can be affected by factors beyond human control.
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