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In which type of economy are the producers of the goods in services able to react to consumer choices?
Updated: 4/28/2022
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∙ 6y agoBest Answer
market
Veronica Wilkinson
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∙ 2y agoThis answer is:
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Which of the following terms best describes an economy in which producers of goods and services react to consumer choices?
market economy
What type of economy are the producers of goods and services able to react to consumer choices?
Capitalist. Aplus answer Market
In which type of economy are the producers of goods and services able to react to consumer choices?
Capitalist. Aplus answer Market
In which type of economy are choices made by consumers?
market
Producers reacting to consumer choices provide most answers to the basic economic questions in this type of economy?
market
Related questions
Which of the following terms best describes an economy in which producers of goods and services react to consumer choices?
market economy
What type of economy are the producers of goods and services able to react to consumer choices?
Capitalist. Aplus answer Market
what type of economy are the producers of good and services able to react to consumer choices?
Capitalist. Aplus answer Market
In which type of economy are the producers of goods and services able to react to consumer choices?
Capitalist. Aplus answer Market
In which type of economy are choices made by consumers?
market
Producers reacting to consumer choices provide most answers to the basic economic questions in this type of economy?
market
What type of economy best fits the description producers reacting to consumer choices provide most answers to the basic economic questions?
market
How does consumer confidence affect the economy?
Increases purchases from producers
What type of economy is driven by producers responding to consumer preferences?
market
What is the role of a consumer in a mixed economy?
they eat everything that the producers make for them
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 does A command economy usually result in?
I would say fewer choices for the consumer.
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