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When the government subsidizes a particular product, such as wheat, it becomes more profitable to produce and therefore the supply increases.
In a planned economy, the government does the job of market forces in order to determine the outcomes.
The government pays farmers to produce crops and then buys them for distribution to those in need. In this way the government is both a consumer and producer of the same product.
The general willingness of firms to produce and sell a product at various prices is known as supply.
The equilibrium price is the price at which consumers will purchase the same quantity of a product that suppliers will produce.
When the government subsidizes a particular product, such as wheat, it becomes more profitable to produce and therefore the supply increases.
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In a planned economy, the government does the job of market forces in order to determine the outcomes.
Many companies produce different Eye Creams, one of the main companies is John Lewis and Boots even produce their own too. Normally when a product is made many other companies end up making their own cheaper versions.
The government pays farmers to produce crops and then buys them for distribution to those in need. In this way the government is both a consumer and producer of the same product.
produce is used in agriculture product is used in manufacturing
To be able to enslave your into the false promises of material goods
produce or product
It's called subsidies, often the government will subsidise a business if it is producing merit goods such as fruit to make production cheaper for the business this means people will be eating more of the fruit as more has been made for cheaper. The business can also sell the product for less making it affordable for people.
yes - unless they have a monopoly of a scarce and popular product- as do other organisations, entrepreneurs etc
Marketing oriented business centers its activities on satisfying the needs or wants of its customers. Product oriented has its primary focus on the development of its product.
a product that was made faster and cheaper in alabama than in pennsylvania