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In a planned economy, the government does the job of market forces in order to determine the outcomes.
It would have been more apt, if it is reworded as How does the government regulation affect market economy. In a controlled economy, government decides what its economy should be and hence has no relevance.In a market economy, the fundamental aspect of Choice and freedom... This enables production as per market demand and also creation of new markets for products. Government regulations affect the choice and freedom and hence may affect the market dynamics and economy.
okay i nose
Product oriented marketing will primarily be focused on the product itself. The marketing will work to convey the product's functionality and appearance. The market oriented approach will focus more on the appeal or social status the product provides.
In a competitive market free of government regulation, the price of a product will continue to adjust. The only time it will stop is when demand is equal to the quantity supplied.
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In a planned economy, the government does the job of market forces in order to determine the outcomes.
It would have been more apt, if it is reworded as How does the government regulation affect market economy. In a controlled economy, government decides what its economy should be and hence has no relevance.In a market economy, the fundamental aspect of Choice and freedom... This enables production as per market demand and also creation of new markets for products. Government regulations affect the choice and freedom and hence may affect the market dynamics and economy.
In a free market system, there are producers that make the product and consumers that purchase the product. The government just needs to make sure that the participants are following the laws and regulations and to provide proper infrastructure such as good roads and railways.
okay i nose
Product oriented marketing will primarily be focused on the product itself. The marketing will work to convey the product's functionality and appearance. The market oriented approach will focus more on the appeal or social status the product provides.
In a competitive market free of government regulation, the price of a product will continue to adjust. The only time it will stop is when demand is equal to the quantity supplied.
A product market refers to the businesses and customers that are affected by a product. A product market can be regional or national.
Qualifying dimension is those important to include a customer type in a product-market. Meanwhile, determining dimensions are those affect the customer's purchase of a brand in a product-market.
When a government deregulates a product thereÊare fewer, simpler regulationsÊfor companies bringing products to market, so it allows more competition and therefore lower priced products.
Laws against theft, fraud, and coercion
There are several factors that affect shares market. Some of them include price, competition, nature of product, demand and so much more.