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In which type of economy are choices made by consumers?
market
How does consumer confidence affect the economy?
Increases purchases from producers
What is the role of a consumer in a mixed economy?
they eat everything that the producers make for them
Which of the following terms best describes an economy in which producers of goods and services react to consumer choices?
market economy
What drives the choices of consumers and producers in a market economy?
Prices, Demand, Personal Preferences and Productions.
In which type of economy are the producers of the goods in services able to react to consumer choices?
market
What type of economy are the producers of goods and services able to react to consumer choices?
Capitalist. Aplus answer Market
what type of economy are the producers of good and services able to react to consumer choices?
Capitalist. Aplus answer Market
Producers reacting to consumer choices provide most answers to the basic economic questions in this type of economy?
market
What is the role of the consumer in a market economy?
Consumers are important because they are the people who actually buy the goods made by the producers
In which type of economy are the producers of goods and services able to react to consumer choices?
Capitalist. Aplus answer Market
People are both producers and products of the society discuss?
People are producers because they create goods others use. They are consumers because they consumer goods that others produce in the economy.
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