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An economy that depends on a large amount of spending by consumers
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∙ 13y ago
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What is the consumer for the economic system?
Both buys goods for consumption and uses goods and services.
Free market economic system?
consumer
Which of these is an example of a market economic system?
The Price of a good or service is detrimend by consumer demand
What type of economic system offers the least amount of freedom to the consumer?
Command. The government tells you what to do and you have to follow.
How economic factors influences consumer's behavior?
how economic variables influences on consumer behavior
What is the consumer for the economic system?
Both buys goods for consumption and uses goods and services.
Free market economic system?
consumer
What is the keystone to the American economic system?
consumer sovereignty
What is the keystone of the American economic system?
consumer sovereignty is this the real answer
What is the role of consumer in a free market system?
C. They make the economic decisions
Which of these is an example of a market economic system?
The Price of a good or service is detrimend by consumer demand
What type of economic system offers the least amount of freedom to the consumer?
Command. The government tells you what to do and you have to follow.
How economic factors influences consumer's behavior?
how economic variables influences on consumer behavior
Explain why the role of a consumer is important in an economic system and give two examples of someone playing the role of consumer?
Because the consumer is the one who is going to buy those products or use the services, that brings net outcome to the firm. Therefore the consumer plays a very important role in the economic system. The consumer is the one with the demand
Which economic system would you expect the widest selection of consumer goods?
Free Enterprise. Companies fight over customers and build a variety of products in order to capture a consumer-base for their products.
What is the role of consumer and producer in a free market system?
The producer produces (makes) the product, and sells it to the retailer (the store). The consumer (you and me) goes to the retailer and buys the product.
Which economic indicator measure economic?
CPI (Consumer price index)
