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Which economy would consumers have the most choices of what products to buy?
market economy
What would happen to consumers if producers did not exist?
If producers did not exist, consumers would struggle to obtain goods and services necessary for their daily lives. Without producers to create products, there would be a complete lack of supply, leading to scarcity and unmet needs. This would result in consumers facing difficulties in fulfilling even basic requirements, ultimately leading to a breakdown in the economy and society as a whole.
Tangible and intangible factors of economics?
Tangible would include the money and products that are in the economy. The intangible would be the value placed on the products in the economy.
What does A command economy usually result in?
I would say fewer choices for the consumer.
A command economy usually results in what?
I would say fewer choices for the consumer.
Which economy would consumers have the most choices of what products to buy?
market economy
Which type of economy would consumers have the most most choices of products to buy?
market
What would happen to consumers if producers did not exist?
If producers did not exist, consumers would struggle to obtain goods and services necessary for their daily lives. Without producers to create products, there would be a complete lack of supply, leading to scarcity and unmet needs. This would result in consumers facing difficulties in fulfilling even basic requirements, ultimately leading to a breakdown in the economy and society as a whole.
Tangible and intangible factors of economics?
Tangible would include the money and products that are in the economy. The intangible would be the value placed on the products in the economy.
A command economy usually results in what?
I would say fewer choices for the consumer.
What does A command economy usually result in?
I would say fewer choices for the consumer.
How does consumers purchases influence the decisions of producers?
If consumers didn't buy a producer's products, the producer would soon go out of business.
What is the importance of being a wise consumer?
Consumer is important for businesses because they buy the product/service that the business makes. Without consumers, there would be no point to have businesses since no one will buy the goods/services. No market can exist without consumers, and the eonomy depends on customers to spend money so the people who are paid can become consumers as well.
Why would consumers want to purchase nestles products?
People buy Nestles products because they like the taste
How would you describe specialty products?
Specialty items have characteristics that compel consumers to make special efforts to find them. Consumers often do not consider price at all when shopping for specialty products
If the number of producers increase what would happen to the consumers?
If the number of producers increases, it could lead to more choices and competition in the market for consumers. This may result in lower prices, better quality products, and improved customer service as producers compete for consumer attention. Consumers may benefit from increased variety and potentially lower prices.
What would be most directly impacted by severe oil shortages today?
A severe shortage of crude oil (Petrolium) would be a huge disaster for the entire world as petroleum is AA key in manufacturing so many consumer products, pharmaceutical products as well as transportation to distribute products to market and transport consumers to work, shopping etc. A severe shortage would cripple the world economy.
