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What is the consequences of consumer economic decisions in a free enterprise economy?
Wiki User
∙ 9y ago
In a free enterprise economy, the consumer economic decisions can affect the price and supply of a commodity. When the consumers show interest in a product (demand), there will be an increase in the number of producers willing to supply it.
Wiki User
∙ 9y ago
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Analyze the consequences of consumer economic decisions in a free enterprise economy?
i have the same question for my economics class :/
What is the opportunity to control ones own economic decisions?
The opportunity to control ones own economic decisions is a free enterprise.
What are the characterstics of a pure market economy?
A pure market economy is an economy where all major economic decisions are made by individuals and private firms. Therefore some characteristics would include freedom of enterprise, and consumer sovereignty.
Business cycles occur in free enterprise systems because?
A business cycle is the monitoring of the ups and downs within a market. Free enterprise is subject to business cycles because of the many economic decisions about factors including prices, production, and consumption that are based on various markets within the area of free enterprise.
Why is the free enterprise system subject to business cycles?
A business cycle is the monitoring of the ups and downs within a market. Free enterprise is subject to business cycles because of the many economic decisions about factors including prices, production, and consumption that are based on various markets within the area of free enterprise.
Analyze the consequences of consumer economic decisions in a free enterprise economy?
i have the same question for my economics class :/
How do technologies affect our economic decisions?
the consumer economic decisions can affect the price and supply of a commodity
What is the opportunity to control ones own economic decisions?
The opportunity to control ones own economic decisions is a free enterprise.
2 In a free-enterprise economic system unlike a command system economic decisions are made primarily by?
Consumers.
What are the major elements of free enterprise?
Some major elements of a free enterprise system include right of land and freedom of economic decisions
What happens in a free enterprise system?
It provides individuals the opportunity to make their own economic decisions.
What is the role of consumer in a free market system?
C. They make the economic decisions
What are the characterstics of a pure market economy?
A pure market economy is an economy where all major economic decisions are made by individuals and private firms. Therefore some characteristics would include freedom of enterprise, and consumer sovereignty.
Business cycles occur in free enterprise systems because?
A business cycle is the monitoring of the ups and downs within a market. Free enterprise is subject to business cycles because of the many economic decisions about factors including prices, production, and consumption that are based on various markets within the area of free enterprise.
What is a free system?
A free enterprise system allows individuals to make their own economic decisions, without interference from the government. Free enterprise is a private profit-potential businesses system.
Why is the free enterprise system subject to business cycles?
A business cycle is the monitoring of the ups and downs within a market. Free enterprise is subject to business cycles because of the many economic decisions about factors including prices, production, and consumption that are based on various markets within the area of free enterprise.
Can economic decisions benefit consumers in a free enterprise economy than in a command economy?
Economic decisions can benefit consumers more so in a free enterprise economy rather than in a command economy. This is so due to the fact that the free enterprise economy focuses on production and distribution being privately owned. This also allows the ability to allow products and services to be on a supply and demand basis.
