answersLogoWhite

0

by providing consumers and workers with jobs and new technology methods

User Avatar

Tyree West

Lvl 10
3y ago

What else can I help you with?

Continue Learning about Economics

How might the purchase decisions of consumers impact a market economy?

By buying some products, but not others, consumers might determine what is produced.


Of what benefit to consumers is a firm's competitive advantage?

Having a competitive advantage might mean inventing a new product; providing the best quality, the lowest prices, or the best customer service; or having cutting-edge technology.


what issues is a benefit that a country might receive by transitioning from a command to a market economy?

Transitioning from a command to a market economy can lead to increased efficiency and innovation, as competition encourages businesses to improve products and services. This shift can stimulate economic growth by attracting foreign investment and creating job opportunities. Additionally, consumers benefit from a greater variety of goods and services at competitive prices, enhancing overall quality of life. However, this transition can also present challenges, such as income inequality and the need for regulatory frameworks to protect consumers and workers.


What goods or services might a tax increase be hardest to pass on to consumers?

a product with elastic demand


Who would benefit from the tariff on imported shoes?

Domestic shoe manufacturers would benefit from the tariff on imported shoes, as it raises the cost of foreign competitors, potentially leading to increased sales and market share for local producers. Additionally, workers in the domestic shoe industry may see job stability or growth due to reduced competition. However, consumers might face higher prices and fewer options as a result of the tariff.

Related Questions

How might a corporation benefit by being multinational?

a corporation may benefit from being multinational by getting their products known around the world also the can benefit by providing consumers and workers with jobs and new technology methods.


What are non-consumer use hazardous materials?

Non-consumer-use hazardous materials are hazardous materials used by industry and other organization who are not final consumers. These would be raw materials and intermediated that are use to make products that might eventually be further processed before reaching a final consumer.


How might the purchase decisions of consumers impact a market economy?

By buying some products, but not others, consumers might determine what is produced.


Of what benefit to consumers is a firm's competitive advantage?

Having a competitive advantage might mean inventing a new product; providing the best quality, the lowest prices, or the best customer service; or having cutting-edge technology.


Is a goldfish a consumer decomposer or a producer?

I think a goldfish is a consumer because if the other fish's are consumers then goldfish are fish they might be consumers.


Is a goldfish a consumer producer or a decomposer?

I think a goldfish is a consumer because if the other fish's are consumers then goldfish are fish they might be consumers.


What kind of animal might benefit a locust swarm?

no


How can you benefit from business to business marketing?

If you're trying to deal with an overstock of goods or equipment, business to business marketing might be an excellent solution; allowing you to turn a profit on the goods without waiting for consumers to purchase them. Another advantage might be building a reliable customer base for certain items, possibly guaranteeing your bottom line.


what issues is a benefit that a country might receive by transitioning from a command to a market economy?

Transitioning from a command to a market economy can lead to increased efficiency and innovation, as competition encourages businesses to improve products and services. This shift can stimulate economic growth by attracting foreign investment and creating job opportunities. Additionally, consumers benefit from a greater variety of goods and services at competitive prices, enhancing overall quality of life. However, this transition can also present challenges, such as income inequality and the need for regulatory frameworks to protect consumers and workers.


How would consumers who traditionally pay using cash potentially benefit from an interchange fee cap?

Consumers who traditionally pay using cash could benefit from an interchange fee cap as it may lead to lower transaction costs for merchants, who might pass those savings on to customers through reduced prices. Additionally, with lower fees for card transactions, businesses may be more inclined to accept electronic payment methods, increasing the options available to consumers. This could also promote financial inclusion by encouraging more people to use electronic payment systems, providing them with greater convenience and security compared to cash.


What is a benefit from niacin?

it might clear your system for a drug test


How might small plants benefit from deforestation?

They will have no air to breathe