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Market economy (A+)

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Madison

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5y ago

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In what form of economy do consumers help to determine the distribution of goods?

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Consumers help to determine the disturbution of goods?

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Define economics using the following terms allocation distribution goods resources production and services?

I am presuming that economics refers to a certain type of science that serves with the inquiry of consumption of goods, allotment/allocation distribution, and both the production and distribution of services and goods. Economics can help solve the problem of resource recycling for the benefit of mankind.


What are the functions of consumers?

Consumers' cooperative is ought to provide quality goods and services at the lowest cost to the consumer/owners alike.producer cooperatives help in creation of jobs hence help alleviate poverty


What are the functions of consumers cooperatives?

Consumers' cooperative is ought to provide quality goods and services at the lowest cost to the consumer/owners alike.producer cooperatives help in creation of jobs hence help alleviate poverty


How does price help to connect the availability of goods to the demand for goods?

The price of a given commodity will determine both the demand and the availability of goods. If the price is reduced the demand of the goods will increase and the availability of the goods will reduce.


Why might a government grant subsidies to certain individuals or businesses?

To help consumers ensure an affordable supply of certain goods.