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everyone as a consumer affects the economy on what they spent and how they spent
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Explain how the decisions you make as a consumer influence the economy?
everyone as a consumer affects the economy on what they spent and how they spent
How the decisions you make as a consumer influence the economy?
everyone as a consumer affects the economy on what they spent and how they spent
In a command economy which factor answers the question of what to produce?
government decisions
What is the consequences of consumer economic decisions in a free enterprise economy?
In a free enterprise economy, the consumer economic decisions can affect the price and supply of a commodity. When the consumers show interest in a product (demand), there will be an increase in the number of producers willing to supply it.
Analyze the consequences of consumer economic decisions in a free enterprise economy?
i have the same question for my economics class :/
Who makes the decisions in the market economy?
The consumer who influences the market and the country's laws regarding business.
what is positive and negative influence of marketing on society?
A positive influence of marketing on society is boosting the economy. A negative influence is consumer confusion when the market is too vast.
Why is the consumer considered ''King'' in a capitalist economy?
The consumer is considered King, in a capitalist economy, because the spending of the consumer is what drives the entire economy. The more the consumer spends the better the economy becomes.
What factors influence consumer spending?
The factors that influence consumer spending include disposable income and consumer confidence. Disposable income relates to the amount of money a household has left over after their bills have been taken into account. Consumer confidence relates to the consumer's view of the current economy while taking into consideration their own financial circumstances.
What are the characterstics of a pure market economy?
A pure market economy is an economy where all major economic decisions are made by individuals and private firms. Therefore some characteristics would include freedom of enterprise, and consumer sovereignty.
Who decides what goods and services will be produced in a market economy?
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
How does our economy work and what factors influence its functioning?
The economy works through the production, distribution, and consumption of goods and services. Factors that influence its functioning include supply and demand, government policies, technological advancements, global trade, and consumer behavior.
