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What is provided by producers in the circular flow of the free market system?
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∙ 8y ago
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What is the role for consumers and producers in a free market system?
A circular flow model
Which of the following best explains why the circular flow model characterizes the free-market system?
Consumers and producers influence each other in a circular fashion.
Because the choices of consumers influence producers and the choices of producers also influence consumers the free-market system has which of the following?
A circular flow of influences
Which of the following best demonstrates the way consumers and producers influence each other in the free market system?
A circular model
Why is the free-market system system brings effiency as well as freedom?
Producers are driven to lower costs due to the freedom of consumer choice provided by free-market system. To lower costs, producers have to eliminate wastes which brings about efficiency
What is the role for consumers and producers in a free market system?
A circular flow model
Why circular flow model characterizes the free market system?
Consumers and producers influence each other in a circular fashion.
What results the fact that a free market is based on the free choices of consumers and producers?
The free-market system has a circular flow of influences.
Which of the following best explains why the circular flow model characterizes the free-market system?
Consumers and producers influence each other in a circular fashion.
Because the choices of consumers influence producers and the choices of producers also influence consumers the free-market system has which of the following?
A circular flow of influences
What best demonstrates the way consumers and producers influence each in the free market system?
A circular flow model
Which of the following best demonstrates the way consumers and producers influence each other in the free market system?
A circular model
Why is the free-market system system brings effiency as well as freedom?
Producers are driven to lower costs due to the freedom of consumer choice provided by free-market system. To lower costs, producers have to eliminate wastes which brings about efficiency
Why is the free market system system brings effiency as well as freedom?
Producers are driven to lower costs due to the freedom of consumer choice provided by free-market system. To lower costs, producers have to eliminate wastes which brings about efficiency
What effect do consumer-protection regulations have on the circular of the free-market system?
They inspire consumer confidence, which leads to increased purchases from producers.
What do consumer-protection regulations have on the circular flow of the free market system?
They inspire consumer confidence, which leads to increased purchases from producers.
Why does the free-market system follow a circular flow?
consumersThe free choices made by consumers and producers influence each other.
