0
Explain why the role of a consumer is important in an economic system and give two examples of someone playing the role of consumer?
Wiki User
∙ 7y ago
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
Wiki User
∙ 11y ago
Wiki User
∙ 13y agoProducers, produce the goods and services the consumers deamand, want, and need.
Wiki User
∙ 14y agoThe consumer supplies all demand. Without a consumer, there is no demand curve, period.
Wiki User
∙ 12y agoSpend, Save, Invest.
Add your answer:
Earn +20 pts
Explain what is meant by Terms of Trade and why it is an important economic statistics?
yes
Explain the economic characteristics of the command and market economic?
Explain the economic characteristics of the command
Explain the consumer equilibrium with the help of indifference curve?
Explain the consumer equilibrium with the help of indifference curve?
Describe the meaning of utility in economics and explain why it is different from on consumer to another?
Describe the meaning of utility in economics and explain why it is different from one consumer to another.
What is A theory that tries to explain human economic behavior is?
economic system
Explain what is meant by Terms of Trade and why it is an important economic statistics?
yes
Explain the economic characteristics of the command and market economic?
Explain the economic characteristics of the command
Explain the consumer equilibrium with the help of indifference curve?
Explain the consumer equilibrium with the help of indifference curve?
The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations Do you agree with this statement of not Explain with examples to justify your an?
The concept of competitve advantage is as important for non- profit orgnizations as it is for profit orgnizatios Do you agree with this statement or not? Explain with examples to justify your answer.
Define promotion explain. give examples of 4 types of promotions adopted by consumer product industry?
"http://wiki.answers.com/Q/Define_promotion_explain._give_examples_of_4_types_of_promotions_adopted_by_consumer_product_industry"
The concept of competitive advantage is as important for non-profit organizations as it is for?
"The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations". Do you agree with this statement or not? Explain with examples to justify your answer. "The concept of competitive advantage is as important for non-profit organizations as it is for profit organizations". Do you agree with this statement or not? Explain with examples to justify your answer.
What is the role of Internet agent and explain the Role of consumer goals on the Internet?
What is the role of Internet agent and explain the Role of consumer goals on the Internet ?
What is organisational consumer behavior in marketing?
explain the importance of consumer behaviour in marketing view?
Describe the meaning of utility in economics and explain why it is different from on consumer to another?
Describe the meaning of utility in economics and explain why it is different from one consumer to another.
What is the consumer behavior explain with suitable examples and a flow chart the concept of Marketing process?
Consumer behavior is the study of the way consumers respond to or utilize a particular product. The analysis of consumer behavior has become mandatory to marketing strategy. It enables for manufacturers and merchandisers to better direct marketing to a particular group.
What is A theory that tries to explain human economic behavior is?
economic system
Explain how gold has been important to Canadian economic development?
This help Canada because people use gold for jewelry and many more ...
