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everyone as a consumer affects the economy on what they spent and how they spent
Cameron Sanford
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Who make the decisions in a command economy?
In a command economy government planners make the decisions and in a market the decisions are made by individuals.
In what economy do individuals make their own decisions?
Free market economy
Who makes decisions for a mixed economy?
Government officials and legislatures make economic decisions
What type of economy does individuals and private groups make decisions about what to produce?
Market economy
In a market or capitalist economy who makes the economic decisions?
The people in the market make these decisions on an individual basis.
Explain how the decisions you make as a consumer influence the economy?
everyone as a consumer affects the economy on what they spent and how they spent
Explain how the decisions you make as a consumer influence the economy.?
everyone as a consumer affects the economy on what they spent and how they spent
How does family influence the consumer socialization of children?
The family and their home is a child's first method of socialization. Therefore, the types of buying decisions that members of a family make influence the decisions that the child later makes.
Who make the decisions in a command economy?
In a command economy government planners make the decisions and in a market the decisions are made by individuals.
Why is it important for the consumer psychologist to study group influence?
Studying group influence allows consumer psychologists to understand how individuals are affected by social norms, peer pressure, and conformity within a group setting. This knowledge is crucial for developing effective marketing strategies that appeal to consumers' desire for social inclusion and belonging. By understanding how group dynamics influence consumer behavior, psychologists can provide valuable insights for businesses to target and connect with their target audience more effectively.
In what economy do individuals make their own decisions?
Free market economy
Who makes decisions for a mixed economy?
Government officials and legislatures make economic decisions
Why do authors write about important decisions?
Decisions can shape your life. A book can influence your decisions to make them better.
What type of economy does individuals and private groups make decisions about what to produce?
Market economy
In a market or capitalist economy who makes the economic decisions?
The people in the market make these decisions on an individual basis.
Who owns the factors of productiom and makes economic decisions in a market economy?
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
What can Americans do to influence the economic goals of the nation?
While consumers and producers make most decisions that mold the economy, government has a powerful effect on the US economy in a last four areas, as the government uses a capital system.
