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free enterprise. because with free enterprise it gives the business profit mazimazation because they are not getting taxed and the consumer benefitt maximazation because the business can sell the product at a lower price because it isnt being taxed. stay classy kids :P no pun intended....
Geraldine Davis
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What do consumers and businesses in a market economy seek to do?
free enterprise. because with free enterprise it gives the business profit mazimazation because they are not getting taxed and the consumer benefitt maximazation because the business can sell the product at a lower price because it isnt being taxed. stay classy kids :P no pun intended....
Why are producers interested in achieving an economy of scale?
Producers or companies seek an economy of scale because by doing so it tends to dominate the market for certain products. When this happens, a natural monopoly is created and profits are enhanced.
Effects of economy onto the stock market?
The economy and the stock market are interconnected, and changes in the economy can have significant effects on the stock market. Here are some key effects of the economy on the stock market: Economic Growth: When the economy is doing well, with increased spending and low unemployment, it generally has a positive impact on the stock market. Interest Rates: Changes in interest rates can affect the stock market. Lower rates can be good for stocks, while higher rates can have a negative impact. Inflation: Moderate inflation is generally positive for stocks, but high or rapidly rising inflation can harm the stock market. Government Policies: Government policies and regulations can influence the stock market, such as tax reforms or spending initiatives. Global Factors: Global events, tensions, trade policies, and market conditions can impact stock markets worldwide. Industry and Company Performance: The health of industries and individual companies is linked to the overall economy and can affect their stock prices. Remember, the relationship between the economy and the stock market is complex, and other factors also influence stock prices. Investing in the stock market carries risks, so it's important to diversify your investments, conduct research, and seek advice when making investment decisions.
What are the three components of economics?
Business FirmsBusiness firms represent another important component of an economy. Specialized fields of economics, such as industrial, business and managerial economics, study the actions and decisions of business and industry. In the economy, businesses produce goods and services, which they sell to consumers and governments. They then use the money they receive from the sale of goods and services to purchase other goods, such as materials and other inputs, from other firms, such as suppliers.MarketsEconomic activity occurs within markets, defined by economists as mechanisms for bringing together buyers and sellers of goods and services. Mainstream economists view markets as the best method in which to organize economic activity and far preferable to having the economy directed by a central planning authority, such as a governmental body. Under the market economy, buyers and sellers are free to enter transactions and seek those that bring them the greatest benefit.GovernmentAlthough most economists prefer market economies to centrally planned, or government-directed, systems, they recognize that government has an important role in a modern economy. As an economic component, governments can affect market outcomes through public policy actions when the market on its own fails to allocate resources efficiently. Government also provides goods and services, such as national defense and law enforcement protection, which the market could not provide efficiently. Government also acts as a referee in the market system, providing a system of contract enforcement that ensures that open market transactions can occur.
How do consumers buy heterogeneous products?
When buying heterogeneous shopping goods, consumers often seek information and advice from sales-people and other experts before purchasing the item.
What is it called when businesses seek to attract consumers dollars away from rival businesses?
competition
When businesses seek to attract consumers dollars away from rival business is called?
competition
What do consumers and businesses in a market economy seek to do?
free enterprise. because with free enterprise it gives the business profit mazimazation because they are not getting taxed and the consumer benefitt maximazation because the business can sell the product at a lower price because it isnt being taxed. stay classy kids :P no pun intended....
Why do governmental laws seek to restrict monopolies and cartels benefit consumers and businesses?
To prevent inflation growth.
What are the characteristics of a market economy?
market economy is a system where the laws of supply and those of demand direct the production of goods and services.1 Supply includes natural resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government.Businesses sell their wares at the highest price consumers will pay. At the same time, shoppers look for the lowest prices for the goods and services they want. Workers bid their services at the highest possible wages that their skills allow. Employers seek to get the best employees at the lowest possible price.Capitalism requires a market economy to set prices and distribute goods and services. Socialism and communism need a command economy to create a central plan that guides economic decisions. Market economies evolve from traditional economies. Most societies in the modern world have elements of all three types of economies. That makes them mixed economies
What are characteristics of a market economy?
market economy is a system where the laws of supply and those of demand direct the production of goods and services.1 Supply includes Natural Resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government.Businesses sell their wares at the highest price consumers will pay. At the same time, shoppers look for the lowest prices for the goods and services they want. Workers bid their services at the highest possible wages that their skills allow. Employers seek to get the best employees at the lowest possible price.Capitalism requires a market economy to set prices and distribute goods and services. Socialism and communism need a command economy to create a central plan that guides economic decisions. Market economies evolve from traditional economies. Most societies in the modern world have elements of all three types of economies. That makes them mixed economies
What are the characteristics of market economy?
market economy is a system where the laws of supply and those of demand direct the production of goods and services.1 Supply includes Natural Resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government.Businesses sell their wares at the highest price consumers will pay. At the same time, shoppers look for the lowest prices for the goods and services they want. Workers bid their services at the highest possible wages that their skills allow. Employers seek to get the best employees at the lowest possible price.Capitalism requires a market economy to set prices and distribute goods and services. Socialism and communism need a command economy to create a central plan that guides economic decisions. Market economies evolve from traditional economies. Most societies in the modern world have elements of all three types of economies. That makes them mixed economies
Why are producers interested in achieving an economy of scale?
Producers or companies seek an economy of scale because by doing so it tends to dominate the market for certain products. When this happens, a natural monopoly is created and profits are enhanced.
Assumption of cardinal utility?
consumers seek to maxmum
Why Small Businesses Seek Financing?
Small businesses seek business financing for commencing a business, getting inventory, strengthening the business and developing the business. Businesses pick out a variety of financing ways based on the intended objective.
Effects of economy onto the stock market?
The economy and the stock market are interconnected, and changes in the economy can have significant effects on the stock market. Here are some key effects of the economy on the stock market: Economic Growth: When the economy is doing well, with increased spending and low unemployment, it generally has a positive impact on the stock market. Interest Rates: Changes in interest rates can affect the stock market. Lower rates can be good for stocks, while higher rates can have a negative impact. Inflation: Moderate inflation is generally positive for stocks, but high or rapidly rising inflation can harm the stock market. Government Policies: Government policies and regulations can influence the stock market, such as tax reforms or spending initiatives. Global Factors: Global events, tensions, trade policies, and market conditions can impact stock markets worldwide. Industry and Company Performance: The health of industries and individual companies is linked to the overall economy and can affect their stock prices. Remember, the relationship between the economy and the stock market is complex, and other factors also influence stock prices. Investing in the stock market carries risks, so it's important to diversify your investments, conduct research, and seek advice when making investment decisions.
Many accountants seek which provides a distinct advantage in the job market?
Accountants seek professional certification or licensure, which gives them an advantage in the job market.
