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What else can I help you with?
The need to get goods from producers to consumers raises what basic questions?
How are goods and services distributed
At the start of the 21st century in Britain Germany and Russia the basic economic questions of what how and for whom to produce were answered by?
producers and consumers
In what type of economy are all basic economic decisions are made by producers and consumers.?
In a market economy, all basic economic decisions are made by producers and consumers through the forces of supply and demand. Prices are determined by the interactions between buyers and sellers, and resources are allocated based on consumer preferences and producer capabilities. This system emphasizes individual choice and competition, allowing for a more efficient distribution of goods and services.
What are the uses and advantages of price mechanism?
Basically the price mechanism acts as "an invisible hand" or signaling mechanism. They play a key role in allocating resources and the distribution of the national product. Consumers react to prices with higher or lower demand and producers act accordingly. In other words prices help producers determine the quantity supplied. If consumers demand is high at a certain price, then producers know that they ought to increase supply. If demand is low then they ought to reduce supply. ..that's the basic concept. For more I'd suggest reading some books on micro economics or stuff like Lipsey and Crystal. 1. IT ALLOCATES RESOURCES EFFICIENTLY.( DEMANDERS GET THE MOST FOR THEIR MONEY AND SUPPLIERS GET A GOOD PRICE FOR THEIR PRODUCT) 2.DEMAND AND SUPPLY ARE ABLE TO ACT NATURALLY. ECONOMIC EFFICIENCY.( THE ALTERNATIVE IS A CENTRALIZED SYSTEM WITH THE GOVERNMENT ALLOCATION RESOURCES. THIS RAISES THE QUESTION," DOES THE GOVERNMENT KNOW WHAT IS BEST FOR THE PEOPLE?") these are quotes from my economics book.
What is a basic feature of the free-market system?
A basic feature of the free market system is that consumers make their own economic choices
The need to get goods from producers to consumers raises what basic questions?
How are goods and services distributed
What basic questions are raised by the need to get goods from producers to consumers?
How are goods and services to be distributed?
At the start of the 21st century in Britain Germany and Russia the basic economic questions of what how and for whom to produce were answered by?
producers and consumers
What are the three basic levels in an ecosystem?
The three basic levels in an ecosystem are producers (plants that make their own food through photosynthesis), consumers (organisms that eat other organisms for energy), and decomposers (organisms that break down dead organic matter into nutrients that can be used by producers).
By buying or not buying the goods and services consumers are helping provide answers to the basic economic question?
market
In what type of economy are all basic economic decisions are made by producers and consumers.?
In a market economy, all basic economic decisions are made by producers and consumers through the forces of supply and demand. Prices are determined by the interactions between buyers and sellers, and resources are allocated based on consumer preferences and producer capabilities. This system emphasizes individual choice and competition, allowing for a more efficient distribution of goods and services.
Where are goat in a food chain?
Goats are typically primary consumers in a food chain, feeding on plants and vegetation. They occupy the second trophic level in a basic food chain, following producers like grass or shrubs. In a simple food chain, goats would be consumed by secondary consumers like wolves or humans, which would then be consumed by tertiary consumers at higher trophic levels.
What are the uses and advantages of price mechanism?
Basically the price mechanism acts as "an invisible hand" or signaling mechanism. They play a key role in allocating resources and the distribution of the national product. Consumers react to prices with higher or lower demand and producers act accordingly. In other words prices help producers determine the quantity supplied. If consumers demand is high at a certain price, then producers know that they ought to increase supply. If demand is low then they ought to reduce supply. ..that's the basic concept. For more I'd suggest reading some books on micro economics or stuff like Lipsey and Crystal. 1. IT ALLOCATES RESOURCES EFFICIENTLY.( DEMANDERS GET THE MOST FOR THEIR MONEY AND SUPPLIERS GET A GOOD PRICE FOR THEIR PRODUCT) 2.DEMAND AND SUPPLY ARE ABLE TO ACT NATURALLY. ECONOMIC EFFICIENCY.( THE ALTERNATIVE IS A CENTRALIZED SYSTEM WITH THE GOVERNMENT ALLOCATION RESOURCES. THIS RAISES THE QUESTION," DOES THE GOVERNMENT KNOW WHAT IS BEST FOR THE PEOPLE?") these are quotes from my economics book.
Are algae are the basic food producers in ponds?
yes
Are algae the basic food producers in ponds?
yes
Are people consumers or producers?
In terms of economics, people are both consumers and producers. People involved in business are producers because they produce objects that other people consume. Everyone is a consumer because we all buy items from stores and use them. In terms of Biology, people are consumers because we do not make our own food internally. We have to consume other things to make energy.
What is different between fungi and plants?
The basic difference is that plants can make their own food through the process of photosynthesis, making them producers. Fungi can not make their own food but must decompose carbon based material for their food, making the consumers.
