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Can economic decisions benefit consumers in a free enterprise economy than in a command economy?
Wiki User
∙ 10y ago
Economic decisions can benefit consumers more so in a free enterprise economy rather than in a command economy. This is so due to the fact that the free enterprise economy focuses on production and distribution being privately owned. This also allows the ability to allow products and services to be on a supply and demand basis.
Wiki User
∙ 10y ago
Brooklyn Tanksley
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How does illiteracy lead to the exploitation of the consumers?
Consumers need information in order to make optimal economic choices. Without the ability to read, economic actors may find gathering important information more difficulty and costly, therefore acquiring less information. Without this information, they are more easily lead into irrational decisions which may not be to their benefit. Note: the word 'exploitation' is loaded, so I recommended against its use in this case.
Since the free enterprise system guarantees that there will be competition in business what benefit does competition have for consumers?
Competition forces businesses to produce goods at a price people can afford-----(novanet)
Consumers use cost benefit in order to maximize what?
Consumers use cost-benefit analysis in order to maximize utility.
Consumers used cost- benefit analysis in order to maximize what?
Consumers use cost-benefit analysis in order to maximize utility.
What consumers use cost-benefit analysis in order to maximize?
Consumers use cost-benefit analysis in order to maximize utility.
In a free enterprise system how does competition among businesses benefit consumers?
by lowering prices
How do you write a feasibility study on bakery?
carry out a feasibility study on an enterprise of your choice and pointing out the social economic benefit to your community.
How does illiteracy lead to the exploitation of the consumers?
Consumers need information in order to make optimal economic choices. Without the ability to read, economic actors may find gathering important information more difficulty and costly, therefore acquiring less information. Without this information, they are more easily lead into irrational decisions which may not be to their benefit. Note: the word 'exploitation' is loaded, so I recommended against its use in this case.
Since the free enterprise system guarantees that there will be competition in business what benefit does competition have for consumers?
Competition forces businesses to produce goods at a price people can afford-----(novanet)
Consumers use cost benefit in order to maximize what?
Consumers use cost-benefit analysis in order to maximize utility.
How could a charity organization benefit from a social enterprise?
A charity enterprise could benefit from social enterprise because it is a good way to have causes and fund raisers show to a mass audience in a sort amount of time.
What does co op mean in sales and marketing?
co-op - a jointly owned commercial enterprise (usually organized by farmers or consumers) that produces and distributes goods and services and is run for the benefit of its ownersA cooperative
Consumers use cost-benefit analysis in order to maximize what?
Consumers use cost-benefit analysis in order to maximize utility.
Consumers used cost- benefit analysis in order to maximize what?
Consumers use cost-benefit analysis in order to maximize utility.
What consumers use cost-benefit analysis in order to maximize?
Consumers use cost-benefit analysis in order to maximize utility.
Is central regulation a benefit of free Enterprise system of production?
No
How can consumers be wrong but still be using the principle of benefit when they decide to buy something?
Consumers are still being rational (sensible) when they purchase something that results in no benefit if they believed that it would give them benefit when they purchased it.
