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A circular flow of influences
Through the purchasing decisions they make
through the purchasing decisions they make
consumers and producers influence each other in a circular fashion
A circular model
A circular flow of influences
through the purchasing decisions they make
Through the purchasing decisions they make
consumers and producers influence each other in a circular fashion
A circular model
Producers can figure out what consumers are willing to pay based on what they buy.
Is by demanding the product
Producers can figure out what consumers are willing to pay based on what they buy.
Consumers
Consumers
Consumers and producers influence each other in a circular fashion.
Consumers