Lower the amount of personal income tax
Lower the amount of personal income tax .
consumers and producers
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
The government must prevent consumers from being coerced.
Market
Lower the amount of personal income tax .
lower the amount of personal income tax
consumers and producers
Ensure competition and protect consumers
Producers are driven by the profit motive to work against competition
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
The government must prevent consumers from being coerced.
The government serves as an agent of consumerism in Nigeria. This is a form of legislation which seeks to protect the rights of the consumers in the market.
Major consumers of industry output in order of market size include foreign consumers, the federal government, medical and health services, doctors and dentists
These consumers have the choice of buying electricity either from retailers or from the wholesale electricity market.
In a product market businesses make and sell goods to consumers. Consumers use their income to purchase these goods.
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.