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Because these economic actors exist in a condition of scarcity, which means that they must make trade-offs to achieve their desires. Making trade-offs implies economic choices exist.
What else can I help you with?
Because the choices of consumers influence producers and the choices of producers also influence consumers the free-market system has which of the following?
A circular flow of influences
What best explains why the free market system follows a circular flow model?
The free choices made by consumers and producers influence each other. ~Apex
What best explains why the free-market system follows a circular flow model?
consumers and producers influence each other in a circular fashion
Differentiate producers from consumers?
You can differentiate between producers and consumers by understanding that producers make their own food. Consumers cannot do that.
What groups of players make all of the economic decision in a free-market system?
consumers and producers
What is the difference between producers and consumers?
Producers (plants) make their own food, consumers don't. Consumers have to eat producers or other consumers.
Did producers or consumers come first?
Producers. The producers make the food, then consumers eat it, then secondary consumers eat them, and so on and so fourth.
What do consumers and producers do?
Consumers eat other organisms and producers make their own food.
What best explains why property rights are necessary in a free-market system?
Property rights allow consumers and producers to make free choices.
What is the producer and the consumer?
Producers (plants) make their own food, consumers don't. Consumers have to eat producers or other consumers.
Are producers considered consumers?
No because, the producers make food
What do consumers need to to survive?
Consumers need producers to survive
