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What is the role of consumer in a free market system?

Anonymous

∙ 9y ago

Updated: 4/18/2022

C. They make the economic decisions

Maximo Witting ∙

Lvl 10

∙ 3y ago

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Related Questions

What is the role of an individual within the free enterprise system as a producer consumer and a citizen?

What is the role of an individual within the free enterprise system as a producer consumer and a citizen?"

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.

What is the role of firms in a free market?

In a free market, firms play a crucial role by producing goods and services that meet consumer demands. They compete with one another to innovate and improve efficiency, which can lead to better quality products and lower prices. Additionally, firms contribute to economic growth by creating jobs and generating wealth, while responding to market signals to allocate resources effectively. Overall, they are key drivers of economic activity and consumer choice in a free market system.

What role companies play in free enterprice system?

Companies create employment and compete to efficiently satisfy consumer demands in the free enterprise system.

What is the role of consumers and producers in a free-market system?

They make the economic decisions.

What is role of consumers and producers in a free-market system?

C. They make the economic decisions

What is the role of consumers and producers in free-market system?

C. They make the economic decisions

What is the role of consumers and producers in a free-market system.?

C. They make the economic decisions

What is a role of consumers and producers in a free-market system?

C. They make the economic decisions

What is the role of the consumers and producers in free market system?

C. They make the economic decisions

What role does profit motive play in the free-market system?

Minimize costs and maximize revenues.

What are the traits of capitalism market system?

The traits would be that of property ownership, free enterprise, market mechanism and limited government role.

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