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Does an individual consumer really have a voice in answering the basic economic questions?
Wiki User
∙ 13y ago
yes the consumer used to control which businesses worked and what doesnt its up to the consumer if they want to buy the product or not. but now the government keeps bad business a float
Wiki User
∙ 13y ago
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Producers reacting to consumer choices provide most answers to the basic economic questions?
market
What is the economic system of Austria?
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market
When markets or governments make economic decisions about what goods and sevices their resources will be used to make what basic economic question are they answering?
In market-based economies, markets determine prices which will answer the three economic questions
How economic factors influences consumer's behavior?
how economic variables influences on consumer behavior
Producers reacting to consumer choices provide most answers to the basic economic questions?
market
What is the economic system of Austria?
Australia has a mixed-market economic system in which there is a mixture of control by the government and freedom of individual enterprise and in which the basic economic questions ...
Producers reacting to consumer choices provide most answers to the basic economic questions in this type of economy?
market
When markets or governments make economic decisions about what goods and sevices their resources will be used to make what basic economic question are they answering?
In market-based economies, markets determine prices which will answer the three economic questions
How economic factors influences consumer's behavior?
how economic variables influences on consumer behavior
What three broad categories do economist use to classify all economic systems?
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A nations plan for answering the key economic problems is called its economic?
Economic System
When markets and governments decide how wealth money and goods and services are distributed what basic economic questions are they answering?
I Would have to say what is being produced, how, whom and others can be decided after the what
What is the consumer for the economic system?
Both buys goods for consumption and uses goods and services.
Which economic indicator measure economic?
CPI (Consumer price index)
What is a economic consumer?
The economic consumer is everyone because everyone consumes. If you drive a car you buy gasoline. If you eat you have to buy food. The list goes on. So everyone is a consumer.
What is the definition of basic economic questions?
Basic economic questions all deal with scarcity. These type of questions must be asked so that economic decisions will be made that are beneficial.
