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First you go buy a cow then you ask to be prime minister then you get angry and go to the hospital and stab yourself with a knife then buy a million dollar pen and break it the first time you use or you go to the dairy and throw an ice block at that person
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∙ 12y ago
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For whom are goods and services produced in a market economy?
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
The circular flow of economic activity is characterized by?
How people produce (make money) and consume (spend money).
What are the relationship between goods service and 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.
If the government raises everyone's taxes consumers have less money or income to spend on consumer goods and services?
true A+
What role do people play in the economy?
The primary participants in the circular flow of goods and services are businesses and households. Households are made up of individuals who both spend money and are the recipients of money. Businesses do the same--
For whom are goods and services produced in a market economy?
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
The circular flow of economic activity is characterized by?
How people produce (make money) and consume (spend money).
What is the importance of money in our society?
a) Money allows for the exchange of goods and services.
What are the relationship between goods service and 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.
What are people willing to spend their money on?
People are willing to spend their money on reasonably priced, quality goods and services. The trick is finding the balance between quality and price bracket. Mastering that balance will accelerate your business or product sales. It is a matter of trial and error.
If the government raises everyone's taxes consumers have less money or income to spend on consumer goods and services.?
true A+
If the government raises everyone's taxes consumers have less money or income to spend on consumer goods and services?
true A+
What role do people play in the economy?
The primary participants in the circular flow of goods and services are businesses and households. Households are made up of individuals who both spend money and are the recipients of money. Businesses do the same--
What happens when income tax are increased?
firm and households have less money to spend . this leads to a fall in demand for goods and services. Clover
What does mass consumerism require?
A lot of people with money to spend and a lot of goods produced for them to buy.
What effect does advertsisng have on people?
Advertising can drive or create demands for services and goods. With a demand, people tend to spend money to satisfy their need or want. Other than the obvious, advertising can also affect social views and behavior.
What suggestion can you propose so that the collection of taxes by the BIR be increased?
firm and household have less money to spend this heads to a fall in demand for goods and services.
