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Why is the consumer king in a market economy?
because the market economy is driven by demand and consumer is the one who demands
Studies indicate that the demand for fresh tomatoes is much more elastic than the demand for salt These findings reflect that?
There are more suitable alternatives to fresh tomatoes than there are suitable alternatives to salt. The desire for fresh tomatoes is driven more by preference, whereas the desire for salt is driven more by need.
How does demand relate on buyers?
Demand relates to buyers as it reflects their desire and willingness to purchase goods or services at various price levels. When buyers have higher income or preferences for a product increase, demand typically rises. Conversely, if prices rise or buyer preferences shift away from a product, demand can decrease. Ultimately, demand is driven by the collective choices and behaviors of buyers in the marketplace.
What is Independent demand?
Independent demand refers to the demand for finished goods or end products that is not influenced by the demand for other items. It is typically driven by external market factors, such as consumer preferences or seasonal trends. This type of demand is often forecasted using statistical methods, as it can fluctuate based on a variety of unpredictable factors. Examples include retail products or consumer electronics, where sales are independent of the production of other items.
What makes cost-push inflation unique and how does it differ from other types of inflation?
Cost-push inflation is unique because it is caused by an increase in production costs, such as wages or raw materials, leading to higher prices for goods and services. This type of inflation differs from other types, like demand-pull inflation, which is driven by increased consumer demand. Cost-push inflation can result in a decrease in purchasing power for consumers and can be more difficult to control because it is driven by external factors beyond just demand.
What has driven Africa's trade?
Demand,
What is the demand for business goods driven by?
true
What was Traded between the Far East and Europe was driven by demand for which goods?
coffe and stuff
What is indirect demand?
Indirect demand refers to the demand for goods or services that arises from the demand for another good or service. This can occur when one product is necessary for using another product, causing a ripple effect in the demand chain. For example, the demand for automobile tires is indirectly driven by the demand for automobiles.
What is the definition of fordism?
A form of industrial capitalism, characterised by mass production and mass consumption. Resource driven production instead of demand driven and wages dependent on productivity of the worker.
Why is the consumer king in a market economy?
because the market economy is driven by demand and consumer is the one who demands
Why is ammo so high?
Obamma has been great for gun and ammo sales. Demand has driven the costs up.
Studies indicate that the demand for fresh tomatoes is much more elastic than the demand for salt These findings reflect that?
There are more suitable alternatives to fresh tomatoes than there are suitable alternatives to salt. The desire for fresh tomatoes is driven more by preference, whereas the desire for salt is driven more by need.
What is the meaning dependent and independent in demand forecast?
In demand forecasting, "independent demand" refers to the demand for finished goods that is not influenced by the demand for other products, typically driven by external market conditions or customer needs. In contrast, "dependent demand" is derived from the demand for related items, such as components or raw materials needed to produce the finished goods. Understanding the distinction helps businesses accurately predict inventory needs and manage production schedules.
Can a used-car dealership demand a large downpayment 2 weeks after the contract has been signed and the car has been driven away from the car lot?
If it was written in the contract, yes. If it was not written in the contract then this would be an unfair demand and not binding.
What demanded a ransom for american prisoners?
The need to demand a ransom for American prisoners is usually driven by the fact that the American government cares for every citizen.
Which statement is true about the demand for housing in the 1950s?
Demand for housing was high
