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What is needed to have consumer sovereignty in the market place?
Wiki User
∙ 12y ago
Consumer demand. Consumers determine product success or failure according to what they purchase. It's supply and demand. A manufacturer is not going to stay in business if no one wants to buy what he makes.
Wiki User
∙ 12y ago
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What do you mean by capital market?
capital market is a market where long term loans are availble that place called capital market
What is a mixed-market economy?
A mixed market economy is one in which most decisions are made by producers (firms) and consumers (households), but the government does have a role in the economy: to ensure that equity/fairness takes place and that everything runs smoothly also the Government plays the role of a market / Economy Watcher they sit back and only intervene when needed.
What best explains one of the restrictions on producers that keeps the labor market from being a completely free market?
Governments will always have some restrictions or laws in place regarding production, which keeps the labor market from being a completely free market.Workers aren't always available where they're needed. apexWorkers don't always have the education required to perform certain jobs. apex econ 3.5.2these people where wrong the answer for apexvs.com isWORKERS AREN'T ALWAYS AVABILE WHERE THERE NEEDED
What crop secured Americas place in the international market place?
Dnd
What is the Italian market place called?
The Roman place of assembly or marketplace was the Forum
What is the place setting for the diamond maker?
The place setting for the diamond maker is the market. It is essential for the diamond maker to understand consumer preferences, market trends, and competition to create diamonds that meet market demands. By being aware of the market dynamics, the diamond maker can strategize production and pricing effectively.
The economist believes that governmental control interfers with producer and consumer sovereignty?
Many economists, especially in the US, would prefer a completely open free market economy, without any government interference in the forms of rules and regulations. However, most people believe there need to be at least some laws in place to prevent things like monopolies or corruption.
What is a souk?
A market place in North Africa.
What kind of liability insurance is needed?
That depends on what your trying to insure against. There are many types of liability insurance in the market place.
Consumers role in a mixed economy?
what is the role of a consumer in a mixed econmoy
What does threshold mean in geography?
In geography, threshold refers to the minimum level of stimulation or intensity required for a particular phenomenon to occur or for a specific process to take place in a given environment. It indicates the point at which a change or response is triggered within a geographical system.
Safe food must be planned and not left to chance for the consumer food safety begins in the market place?
Actually food safety begins at the farm. There are instances where foods are contaminated on the farm with contaminated drainage contacting the product. During processing there is additional problems that are addressed with HACCP (hazard analysis and critical control points) where all aspects of the process are monitored. The market place has a slightly easier job of simply maintaining temperatures and segregation. This must also be taken into consideration by the consumer returning the foods to proper storage conditions promptly after taking them from the market place.
What is the Market place of yore?
Market Place of Yore : "Agora" .
When was The Market Place created?
The Market Place was created in 1899.
What does consumer protection provide?
Consumer protection is in place to protect the purchaser from getting false information. There are laws in place so the consumer has the right to get information about their purchases and not be cheated.
How does advertising play an important role in the market?
Advertising exposes consumers to choices. A consumer may find a different brand of a certain product less expensive, one that fits into his/her budget.. It keeps people aware of the available products and services that are in the market-place.
Old market place?
In Rome a market place was a forum; in Greece it was an agora.
