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What is a society in which people have specialized jobs and must exchange goods and services they produce for goods and services produced by other people?
A free market society.
What brings together people and resources to create and market new goods and services?
Entrepreneur
Who decides what goods and services will be produced in a market economy?
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
What will happen to a market without competition?
If a market continues to thrive without competition it is considered a monopoly. This is very bad for the people paying for their products and services.
There is a wide variety of desired goods and services in a market system because?
There is a wide variety of desired goods and services in a market system because people can always make money by developing new and better products to compete with existing ones.
What is a consumer market?
The consumer market is a non-business group of people that purchase goods and services.
What does the resource market represent?
The resource market represent a platform for exchange. People are able to exchange their products or services for money at the market.
What does the word market mean in business studies?
A market is a group of people, can be small of large, who buy products or services
How are goods and services distributed in free market?
they are bought and sold by the people (gradpt)
What does Market Barrier mean?
Market barriers are things that prevent people from opening a business. Many barriers to the market help companies in the industry keep their market share.
What is a society in which people have specialized jobs and must exchange goods and services they produce for goods and services produced by other people?
A free market society.
Why Marketing of services?
One needs marketing not only for products, but for services as well. Many companies offer a services, rather than a product. If you don't market what you offer, how will people know this service exists? Market your services everywhere you can so that your business can strive.
How are goods services distributed in a free market system?
they are bought and sold by the people (gradpt)
How are goods and services distributed in a free-market system?
they are bought and sold by the people (gradpt)
How are goods and services distribution in a free market system?
they are bought and sold by the people (gradpt)
What brings together people and resources to create and market new goods and services?
Entrepreneur
Who decides what goods and services will be produced in a market economy?
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
