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consumers and producers influence each other in a circular fashion
A circular flow of influences
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
Through the purchasing decisions they make
through the purchasing decisions they make
Their purchases.
consumers and producers influence each other in a circular fashion
A circular flow of influences
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.
Producers do not depend on other organisms in quite the same was as consumers do. They depend directly on the sun for energy. Other organisms do influence producers though, such as fellow producers competing for sunlight (blocking out from other producers) as well as consumers, which are a danger to producers.
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
through the purchasing decisions they make
Through the purchasing decisions they make
animals are consumers and plants are producers.
they are both consumers and producers