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Who determines what goods are produced in a market economy?
The Market(consumers... through their decisions) does it.
If consumers help to determine the distribution of goods what type of economy is this?
market
What type of economy best fits this description Consumers help to determine the distribution of goods?
market
What is industrial market?
industrial market this are the organizations (business or nonbusiness) that require goods and services which are used in the production of goods or services thay they later sell or distribute at a profit or to satisfy an objective. industrial market this are the organizations (business or nonbusiness) that require goods and services which are used in the production of goods or services thay they later sell or distribute at a profit or to satisfy an objective.
Difference between resource market and intermediate market?
To make it complex, resource market are the market that sell RAW materials, which can be divided into three type - Natural resource market, which sell all goods and service obtained from our environment, such as lumber, oil, and etc. - Human resource market, which mean the labor demand and supply (The needs of employees) - Financial resource market, which means the provision of finance service, such as banks While industrial market, sell goods and services that has been manufactured from industrial market As example, Resource market sell Lumber, and Intermediate market buy the goods that has been processed from Industrial market. Intermediate market consist of retailers and wholesalers. To make it easier to understand Resource market - Sell item from nature, or in form of labor. E.g Crops, oils, milk Intermediate market - Sell goods that "Resource market" sold to "industrial market" and has been processed by "Industrial market" e.G Resource market - "Chop trees" - gain lumber, and sell Industrial market - Buy lumber, manufacture "processed wood" from lumber Intermediate market - buy the processed wood and sell it to consumer
What happens in a market?
In a product market businesses make and sell goods to consumers. Consumers use their income to purchase these goods.
What is a product market?
Product market is the place where goods and services are created and sold by businesses. This does not include trading instead focuses on finished goods purchased by the public sector and foreign buyers.
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
Consumers help to determine the disturbution of goods?
market
Who determines what goods are produced in a market economy?
The Market(consumers... through their decisions) does it.
How should goods and services be produced in a market economy?
A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.
What is markets in which firms sell their output of goods and services?
The product market is the market in which firms sell their output of goods and services.
Who decides who Consumes goods and services in a market economy?
Consumers
Consumers help to determine the distribution of goods.?
Market economy (A+)
In what type of economy do Consumers help to determine the distribution of goods?
market
What type of economy is when Consumers help to determine the distribution of goods?
market
If consumers help to determine the distribution of goods what type of economy is this?
market
