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They produce it for Ackbar Al-Guera
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∙ 11y ago
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In the circular flow of goods and services what does the resource market represent?
all the exchanges of goods and services in an economy
What is market trends?
Market trends are certain patterns or directions that a given market economy will lean to over time. These are often determined by the supply and demand for certain goods and services.
Which market or markets are consumer goods and services bought into?
Goods or services bought by a consumer are bought in the consumer market. The consumer market includes fast moving consumer goods, consumer durables, soft goods and services.
Who determines what goods are produced in a market economy?
The Market(consumers... through their decisions) does it.
What is industrial market?
industrial market this are the organizations (business or nonbusiness) that require goods and services which are used in the production of goods or services thay they later sell or distribute at a profit or to satisfy an objective. industrial market this are the organizations (business or nonbusiness) that require goods and services which are used in the production of goods or services thay they later sell or distribute at a profit or to satisfy an objective.
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
Who consumes the goods and services market economy?
You Do!
Who decides what goods and services will be produced in a market economy?
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
How should goods and services be produced in a market economy?
A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.
Who decides who Consumes goods and services in a market economy?
Consumers
What is the difference a free market economy and a mixed economy?
In a mixed-market econom, the government imposes regulations on the production of goods and services.
Is England an planned economy?
No, the UK is a Market economy. A market economy is one in which in which the prices of goods and services are determined by supply and demand.
What Type of economy in which the government decides which goods and services will be available?
A command economy is one in which the government decides which goods and services will be available. There is officially no free market in a command economy.
In a market economy what organizes and coordinates the production of goods and services?
Exchange
In market economy what organizes and coordinates the production of goods and services?
Exchange
What are the components of a free market economy?
A free market economy is a market based one. The prices of goods and services are determined independently in a free market.
What is the difference between the mixed market economy and the pure market economy?
In a mixed-market econom, the government imposes regulations on the production of goods and services.
