Literacy rates worldwide increasing and life expectancy in less developed areas rising.
of course no ,the expansion in the past is merely the expansion of capital or markets, but today it's more than the expansion of culture and value system.
Businesses in a product market recive revenue from households to pay for the labor that they are using, and in factor markets businesses buy land etc. from households. This keeps the money flowing in the market economy.
In a circular flow diagram, businesses acquire labor and other factors of production from resource markets, which they use to create goods and services. These products are then sold in product markets to households and consumers. This process generates revenue for businesses, which can be reinvested to purchase more resources or expand operations, creating a continuous cycle of production and consumption within the economy. Ultimately, this flow illustrates the interdependence between businesses, households, and markets.
businesses in developed countries
Yes, in economics, households are typically considered sellers in the resource markets because they provide labor and other resources to firms. Conversely, businesses act as sellers in the product markets, where they offer goods and services to consumers. This interaction forms the basis of the circular flow model, illustrating how resources and products move between households and businesses.
pickles
Grassroots markets refer to areas of expansion or growth in an particular country that focuses on direct sales to customers (i.e. the grassroots) as opposed to third parties or wholesalers. For small businesses, this means a focus on direct-to-consumer marketing.
to aquire new markets
of course no ,the expansion in the past is merely the expansion of capital or markets, but today it's more than the expansion of culture and value system.
of course no ,the expansion in the past is merely the expansion of capital or markets, but today it's more than the expansion of culture and value system.
Through stores, markets, and businesses.
Businesses in a product market recive revenue from households to pay for the labor that they are using, and in factor markets businesses buy land etc. from households. This keeps the money flowing in the market economy.
In a circular flow diagram, businesses acquire labor and other factors of production from resource markets, which they use to create goods and services. These products are then sold in product markets to households and consumers. This process generates revenue for businesses, which can be reinvested to purchase more resources or expand operations, creating a continuous cycle of production and consumption within the economy. Ultimately, this flow illustrates the interdependence between businesses, households, and markets.
lanti
They allowed businesses access to markets farther away
Advertising has played a crucial role in creating markets by generating awareness and interest in products and services. It shapes consumer perceptions and preferences, often highlighting unique features or benefits that differentiate offerings from competitors. By effectively communicating value and fostering brand loyalty, advertising encourages consumer demand, ultimately driving the expansion of new markets and facilitating market entry for various businesses.
all types of advertisement