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Consumers determines what goods and services are produced.
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
Consumers.
Consumers have access to a greater variety of goods and services from other countries.
The way goods and services are produced and provided to consumers, and used by them.
Consumers determines what goods and services are produced.
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
In a market economy, goods and services are produced for consumers.
Consumers.
Consumers have access to a greater variety of goods and services from other countries.
The way goods and services are produced and provided to consumers, and used by them.
Goods and services are produced faster and can be sold more cheaplyGoods and services are produced faster and can be sold more cheaply.It is easier to compare prices. Goods and services are produced faster and can be sold more cheaply.
A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.
Goods are consumer wants and needs that are produced. Services are things that people pay for once and receive something. Consumers spend money on both.
Production of goods is important for services and companies because companies must produce in mass what goods or services consumers will purchase. If customers do not wish to purchase a certain good or service, then it could cost a company mass amounts of money if they have produced it.
consumers
Consumer sovereignty is an advantage because it is the consumers who determine the services and goods produced.