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it relies on a large amount of spending
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∙ 11y ago
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Why is the consumer king in a market economy?
because the market economy is driven by demand and consumer is the one who demands
What is the characteristic of a centrally planned economy?
One characteristic of a centrally planned economy is a steady money supply that is backed usually by gold or silver. This economy is moderated by the state in order to control availability.
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.
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
What motivates the Market economy?
the purchase of a consumer (CONSUMER) (: welcomeee
Why is the consumer king in a market economy?
because the market economy is driven by demand and consumer is the one who demands
What is the characteristic of a centrally planned economy?
One characteristic of a centrally planned economy is a steady money supply that is backed usually by gold or silver. This economy is moderated by the state in order to control availability.
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.
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
What describes a characteristic of the north economy?
Industrialization is a characteristic that describes the North's economy. Factories and railroads helped to build the economy in North America.
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
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
What motivates the Market economy?
the purchase of a consumer (CONSUMER) (: welcomeee
Why did the American economy change from a producer durable goods economy to a consumer durable goods economy?
yes
What is the most essential characteristic of a market economy?
Customers
Was a characteristic of the Norths economy?
It was focused on technology and industry
Which was a characteristic of the north's economy?
It was focused on technology and industry
