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by advertising the unfamiliar goods in ads in magazines.
Or businesses worked hard to create markets for these new products.
What else can I help you with?
How does scarcity affect businesses?
People (consumers) have unlimited wants, but businesses do not have enough goods (supply) to fulfill these demands.
What is a product market?
Product market is the place where goods and services are created and sold by businesses. This does not include trading instead focuses on finished goods purchased by the public sector and foreign buyers.
Are the goods that businesses offer for free to consumers also free to society?
No, because scarce resources were used to produce the free goods
Why might a government grant subsidies to certain individuals or businesses?
To help consumers ensure an affordable supply of certain goods.
Hawley Smoot tariff of 1930-what it did and what countries did as a result?
1. it raised cost of imported goods for American consumers, making it more likely that they will purchase the cheaper American goods 2. when the Europeans responded with tariffs on American goods, trade plunged
How did American business get consumers to try their new unfamiliar?
by advertising the unfamiliar goods in ads in magazines. Or businesses worked hard to create markets for these new products.
How did Americans businesses get consumers to try their new unfamiliar goods?
by advertising the unfamiliar goods in ads in magazines. Or businesses worked hard to create markets for these new products.
Why did the garment workers union grow after the triangle shirtwaist factory fire?
consumers pressured businesses by boycotting nonunion goods.
What happens in a market?
In a product market businesses make and sell goods to consumers. Consumers use their income to purchase these goods.
How does scarcity affect businesses?
People (consumers) have unlimited wants, but businesses do not have enough goods (supply) to fulfill these demands.
What is a product market?
Product market is the place where goods and services are created and sold by businesses. This does not include trading instead focuses on finished goods purchased by the public sector and foreign buyers.
Are the goods that businesses offer for free to consumers also free to society?
No, because scarce resources were used to produce the free goods
Why do businesses might want to create demand?
Its Simple! When Businesses Will Create Demand, Consumers Will purchase their Goods Or Services; In Result, Their Will Increase Their Sales & Profit.
How did Andrew Jackson justify the tariff?
It prompted American consumers to buy American-made goods.
What is the element of advertising?
The element of advertising is communication. It is a form of communication that informs of services, goods, and company to consumers and businesses.
Why did the garment workers union after the triangle shirtwaist factory fire?
consumers pressured businesses by boycotting nonunion goods.
Why did the garments workers grow after the triangle shirtwaist factory fire?
consumers pressured businesses by boycotting nonunion goods.
