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.
it offers a wide variety of goods and services
market
a. It ensures a competitive market and allows for individual differences among consumers.
Goods and services are scarce in the market because there are limited resources available to produce them, and the demand for these goods and services often exceeds the available supply. This scarcity leads to competition among consumers and businesses, which can drive up prices and create shortages.
Market failure happens because of inefficiency in the allocation of goods and services. Other reasons for market failure include incomplete markets, missing markets, and unstable markets.
people have unlimited needs and wants, economics change over time, products are improved to satisfy consumers needs and wants because of the diversity of goods wanted this is why such a wide variety of goods is in the market.
it offers a wide variety of goods and services
Well, I would recommend purchasing SUV's manufactured by Hyundai because they offer a variety of services and functions and features for an incredibly reasonable price.
Well, I would recommend purchasing ovulation calculators from Nuby because they offer a variety of services. They also offer their products for an incredibly reasonable price.
market
Services-producing industries will grow faster than goods-producing industries
A network marketing company offers a wide variety of services to the consumer. These services include helping the customer market their product, and form a wide network of other product creators.
a. It ensures a competitive market and allows for individual differences among consumers.
It ensures a competitive market and allows for individual differences among comsumers
a. It ensures a competitive market and allows for individual differences among consumers.
Franchise Services utilizes high-quality brands to market entrepreneurs to their desired customers. By using these name brands for marketing, entrepreneurs can be assured their business will be marketed to the right people.
Starbucks isn't a niche market because there are other businesses that offer the same type of products and services.