Want this question answered?
through the purchasing decisions they make
Through the purchasing decisions they make
A circular flow of influences
consumers and producers influence each other in a circular fashion
A circular model
Through the purchasing decisions they make
through the purchasing decisions they make
Producers can figure out what consumers are willing to pay based on what they buy.
Producers can figure out what consumers are willing to pay based on what they buy.
A circular flow of influences
by showing what they want through their purchasing decisisons
Consumer decisions affect producers, and producer decisions affect consumers
consumers and producers influence each other in a circular fashion
Consumers and producers
A circular model
Consumers and producers
If consumers didn't buy a producer's products, the producer would soon go out of business.