In what form of economy do consumers help to determine the distribution of goods?
Consumers help to determine the distribution of goods
In a market economy, goods and services are produced for consumers.
What determines the allocation of resources and distribution of goods in a market economy versus a planned economy?
The price of ice cream increases. In 1 or 2 sentences, explain how and why this affects the quantity of ice cream cones demanded by consumers.
The similarities between command economy and market economy include the following: both have - producers, consumers, retailers, goods, services, prices, incomes, distribution, money, labor, capital, technology,
Economy involves Production, Exchange, Distribution, and Consumption of Goods
Economy is the distribution of goods, services, and money. Economics is the study of the economy.
The government does not decide what goods consumers buy in a command economy.
To purchase goods to put money back into the economy
The various stage of production right from extraction of raw materials to the distribution of finished goods to the final consumers The various stage of production right from extraction of raw materials to the distribution of finished goods to the final consumers
Deciding what goods consumers buy.
distribution of finished goods to consumers for unlimited human needs satisfectory.
This is determined by the distribution of income in the society.
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.
Consumers often have many choices of goods to buy.
deciding what goods consumers buy
The Market(consumers... through their decisions) does it.
Deciding what goods consumers buy
In a country where the amount of goods and services is regulated by the government instead of by consumers what kind of economy is created?
This is called a command economy.
Define economics using the following terms allocation distribution goods resources production and services?
Economics refers to a science that deals with the analysis of allocation distribution, consumption of goods, and the production and distribution of goods and services. The study of economics helps determine the distribution of resources for the welfare of humankind.
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
One role of money in our society and economy is that it gives consumers a way to purchase goods and services. Without money, consumers would have to rely on the barter system.
Example sentence - The local economy would increase if consumers would purchase goods made in the county they live in.
is the system of production,distribution and consumption of goods and services of an economy
Yes they will produce the goods in demand if they see it as profitable to themselves. command
An allocation of resources means a distribution of goods and services within an economy.
What activities are related to the production and distribution of goods and services in a particular geographic region?
This is called an economy.
What are the differences between a traditional economy a market economy a centrally planned economy and a mixed economy?
A market economy is an economy where the law of demand and supply dictates the price of goods and the distribution of resources allocated to the production of different goods. ie a good that is in high demand and low supply will cost a lot, while a good in high supply and low demand will cost little. The profits to be had in the production of high demand goods will lead producers to use their… Read More
In a command economy the government decides how many of which goods are produced. But in a traditional economy the social roles and culture determine how goods and services are produced. Babies are produced by anal sex
Activities related to the production and distribution of goods and services in a particular geographic region.
market or traaditional not sure
A price coordinated economy is one where prices determine the allocation of scarce goods and services.
Consumer what is the condition under which all economic processes are ultimately focused upon for satisfying the wants and needs of consumers?
Consumer sovereignty is where their preferences determine the production of goods and services. Normally consumers do not determine what they get, the get what is offered by the seller.
Consumers are important because they are the people who actually buy the goods made by the producers
A mixed economy is a combination of communist, market and traditional economies. A market economy basically has free reign over the production and distribution of goods and services.
A command economy is a system where the government controls economic activity and the production and distribution of goods. In a capitalist economy, such things are determined by market forces.
In a market economy, a free price system is used to determine the cost of goods and services. Also, decisions about things like production and distribution are made based on supply and demand, rather than dictated by a government.
It spurred the economy, because immigrants were willing to work for little wages. It also spurred the economy because now there were more consumers to buy the goods.
factors affecting distribution would be things such as distance, location, nature of the good and seasonality. Be careful not to mix this up with factors affecting the accessibility of the good to consumers.
Economic gives the understanding of the processes that govern the consumption, products and distribution of goods and services in an economy.
Consumer sovereignty is an advantage because it is the consumers who determine the services and goods produced.
Generally, consumers. Other people who participate in an economy are called economic agents.
more goods were being produced than consumers could buy
People are producers because they create goods others use. They are consumers because they consumer goods that others produce in the economy.
Consumer Price Indexes is monthly data on changes in the prices paid by consumers for a goods and services.
The amout of production nd distribution of goods wil rise . There for make d nature of d economy bad and the economy wil fall
For the most part, the United States has a market economy in which individual producers and consumers determine the kinds of goods and services produced and the prices of those products. However, we can say it is Capitalism which is the economic system of the United States. For the source and more detailed information concerning this subject, click on the related links section (MSN) indicated below this answer box. For the most part, the United… Read More
households are important role in free market economy. they only called as customers and consumers in the free market economy so they involved goods purchase and selling activities..
mixed economy according to me is the best economy which a country should follow .Reasons are clarified as follows freedom to enjoy the benefit of owing private property. arousing the sense of competition to maximize individuals profit margin as a central planning authority is present to control the excess money of an individual it guarantees proper distribution of income and wealth to people with all backgrounds. problems of inflation and deflation of money can be… Read More
No wholesalers should not be eliminated from the chain of distribution as they play such a crucial role.If wholesalers will not be in the chain of distribution then consumers have to bear problem as then product will directly come to retailer and then only retailer have to bear all the burden of the work such as managing the goods,dealing with customers as well as with producers etc.This will definitely lead to lack of personnel interaction… Read More
Individuals and businesses need control over profits, use, and distribution of goods.