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What type of economy best fits the description producers reacting to consumer choices provide most answers to the basic economic questions?
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∙ 12y ago
market
Angie Heaney
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Producers reacting to consumer choices provide most answers to the basic economic questions?
market
Producers reacting to consumer choices provide most answers to the basic economic questions in this type of economy?
market
What is the best description of a consumer service?
It is an intangible economic activity that cannot be touched or carried.It is an intangible economic activity that cannot be touched or carried
What is the circular flow of economic activity?
[NovaNet] the movement of income from producers of goods and services to consumers, and back to producers. [Study Island] Consumer spending drives demand for goods and services.
What is the consequences of consumer economic decisions in a free enterprise economy?
In a free enterprise economy, the consumer economic decisions can affect the price and supply of a commodity. When the consumers show interest in a product (demand), there will be an increase in the number of producers willing to supply it.
Producers reacting to consumer choices provide most answers to the basic economic questions?
market
Producers reacting to consumer choices provide most answers to the basic economic questions in this type of economy?
market
What is the best description of a consumer service?
It is an intangible economic activity that cannot be touched or carried.It is an intangible economic activity that cannot be touched or carried
What is the best description of a traditional economy?
The basic economic questions are answered by the customs of the past.
What is the circular flow of economic activity?
[NovaNet] the movement of income from producers of goods and services to consumers, and back to producers. [Study Island] Consumer spending drives demand for goods and services.
What is the consequences of consumer economic decisions in a free enterprise economy?
In a free enterprise economy, the consumer economic decisions can affect the price and supply of a commodity. When the consumers show interest in a product (demand), there will be an increase in the number of producers willing to supply it.
At the start of the 21st century in Britain Germany and Russia the basic economic questions of what how and for whom to produce were answered by?
producers and consumers
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
Does an individual consumer really have a voice in answering the basic economic questions?
yes the consumer used to control which businesses worked and what doesnt its up to the consumer if they want to buy the product or not. but now the government keeps bad business a float
Who create economic value?
Mr. Economic Value Who else?
What is the consumer for the economic system?
Both buys goods for consumption and uses goods and services.
