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How can freedom of choice effect the avalibilities of products and services for consumers?
Wiki User
∙ 14y ago
We can choose the products and services that best suit our needs. If a product is not needed it will fade away because there isn't a demand. If a product or service is needed it will be copied giving the consumer more choices and creating competition. Consumer demand and the competition will dictate the price points for a product or service. To sum up the freedom of choice can cause a product or service to succeed or fail based on the demand of the market created by consumers.
Wiki User
∙ 14y ago
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Why did progressives work against monopolies?
They wanted consumers to have choices.
Why are consumers and producers both important to a free-enterprise economic system?
To be succinct, the market mechanism allocates an efficient price vector solution to the distribution of a commodity conditional of the assumptions that that consumers and firms exist and that they have the freedom to buy as they please.
What is one of the principles of a free market?
The government must prevent consumers from being coerced.
Is economic freedom a characteristic of capitalism?
Yes, the idea of a private, free market where entrepreneurs are free to set up businesses, and consumers are not regulated by the government in a planned economy. That's not to say economic freedom isn't also evident in other types of economy.
Is a market command or traditional economy most likely to come up with new and better products?
A free market economy is more receptive to new products and idea. The freedom offered in such nations helps towards the development of new products. Traditional economies and nations tend to rely on the older methods of product production and are heavily regulated, giving new idea and products less attention.
What right gives consumers the freedom to review complete information about the products they are buying?
Right to be informed
What services does Freedom Communications offer to consumers?
Freedom Communications is a media company in the United States. They offer consumers media in the form of newspapers, websites and cell phone apps. The Orange County Register is their most well known newspaper.
When was Freedom Air Services created?
Freedom Air Services was created in 1998.
When did Freedom Air Services end?
Freedom Air Services ended in 2007.
Ten products and services that are scarce?
According to the economic theory of scarcity literally all products are technically scarce because production is limited but certain items are exceptionally scarce. gold products, diamonds, truffles, petroleum products, services that are scarce now include, horse ferrior, watch makers and any other antiquated trade
Why did progressives work against monopolies?
They wanted consumers to have choices.
How do businesses encourage freedom of choice?
Best Choice Products combines the budget-friendly deals consumers want with the high-quality products they deserve. With free shipping on over 1,200 products in home, outdoor, kids' toys, and more, there's something for everyone. cutt.ly/zhNsxVu
What services does Your Freedom offer?
Your Freedom offers web based services for anonymity online. They offer firewall bypasses and proxy's and can render you anonymous online if these are your needs for secrecy.
What is the purpose of Trade Freedom?
The purpose of Trade Freedom is to provide a help and safe work environment for its consumers. Using innovative technology and techniques, it helps to achieve these goals.
Why mobile phones not gives people freedom?
If you are referring to Mobile phone service providers locking their products to their service only is a purely business decision. Of course, no one wants to share their profits. So upon locking their products to their service, then the owner of the phone would be paying for their services.
What does freedom scientific showcase?
Freedom scientific showcases assistive technology products for those who have impaired vision and the blind. You can learn more about this company and what they do at the Freedom Scientific website.
What government policies pursues the economic goal of freedom?
Protecting consumers from fraud <apex is gay>
