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What did the FTC do to save consumers money in the ophthalmic goods industry?
Wiki User
∙ 13y ago
the FTC lifted the restrictions on advertising with the hope of saving consumers as much as $400 million annually.
Wiki User
∙ 13y ago
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When consumers get more money they tend to substitute normal goods for what goods?
When consumers get more money, they tend to substitute normal goods for _inferior_ goods.
When consumers get more money they tend to substitute normal goods for goods?
inferior
When consumers get more money they tend to substitute what kind of goods for normal goods?
Consumers with more money are more likely to purchase luxury goods.
What is the role of the consumer in capitalism?
Consumers spend money and buy goods from producers
How Australia make there money?
they export goods and have alot of industry
When consumers get more money they tend to substitute normal goods for what kind of goods?
Superior goods are those which experience increased consumption as incomes increase.
What are the relationship between goods service and consumers?
Goods are consumer wants and needs that are produced. Services are things that people pay for once and receive something. Consumers spend money on both.
How much money do consumers earn?
The definition of a consumer is a person who uses goods and services. From this definition, consumers don't earn any money. They pay money to buy these goods and services. In the real world, everyone is a consumer, so you could argue that a consumer can earn anywhere between no money and an infinite amount.
Why is consumers important?
*to get maximum satisfaction for the money he pays *to get legal cover *to protect from unhealthy goods
What do entrepreneurs earn?
Entrepreneurs earn money by selling goods and services to businesses and consumers. The fewer costs they have the more money they make.
How does supporting fair trade consumers?
They pay more for goods but enable workers to earn more money
This focuses on who owns land and industry how money is divided and the production of goods?
Economic system
