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What else can I help you with?
What can not be done by the government in a command economy?
Deciding what goods consumers buy.
People who buy goods and services are called?
Consumers
What is the relationship between producers and consumers in economics?
Producers make the goods and consumers buy and use the goods.
What do consumers expect when they buy products and services?
When consumers buy goods and services, they expect them to be as good as the seller claims they are. They look for utility when they purchase the goods.
What type of goods should be purchased by the consumers?
Consumers want a very wide variety of goods and services. We want food and clothing and housing and education and medical care and entertainment and transportation, books and toys and computers and phones and TVs, guns, pets, alcoholic beverages and cigarettes, decorative objects, jewelry, etc. We want haircuts, elaborately painted fingernails, and a thousand other things. I could never list all of them.
Why would an economist want to study old or new advertisements receipts and coupons?
They study the consumers who buy those goods and services.
What term is used for the people who want to buy a product?
The term used for people who want to buy a product is "consumers." Consumers are individuals or groups that purchase goods or services for personal use. In marketing and economics, they are often referred to as the target audience or market segment that businesses aim to reach.
What is a trait of a market economy?
Consumers often have many choices of goods to buy.
What cannot be done by the government in a command economy?
deciding what goods consumers buy
The amount of goods and services that consumers are willing to buy at various prices?
the cost
What is the role of the consumer in capitalism?
Consumers spend money and buy goods from producers
Why are goods produced?
Goods are produced to meet a demand. Consumers want the goods, they are willing to pay, the supplier must produce the goods or risk loss.
