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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
Because the choices of consumers influence producers and the choices of producers also influence consumers the free-market system has which of the followingAsk us anything?
The free-market system has a reciprocal relationship between consumers and producers, often described as interdependence. Consumers express their preferences through demand, which guides producers in deciding what to supply. Conversely, the choices made by producers, such as pricing and product availability, can shape consumer behaviors and preferences. This dynamic interaction fosters competition and innovation within the market.
What dictates which goods and services producers should or should not create?
Consumer choices
What best explains why the free-market system follows a circular flow model?
consumers and producers influence each other in a circular fashion
In which type of economy are the producers of the goods in services able to react to consumer choices?
market
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 dictates which goods and services producers should or should not create?
Consumer choices
What best explains why the free-market system follows a circular flow model?
consumers and producers influence each other in a circular fashion
In which type of economy are the producers of the goods in services able to react to consumer choices?
market
What best explains why the free market system follows a circular flow model?
The free choices made by consumers and producers influence each other. ~Apex
Producers reacting to consumer choices provide most answers to the basic economic questions?
market
What drives the choices of consumers and producers in a market economy?
Prices, Demand, Personal Preferences and Productions.
What dictates which goods and service producers should or should not create?
Consumer choices
what type of economy are the producers of good and services able to react to consumer choices?
Capitalist. Aplus answer Market
What type of economy are the producers of goods and services able to react to consumer choices?
Capitalist. Aplus answer Market
Producers reacting to consumer choices provide most answers to the basic economic questions in this type of economy?
market
In which type of economy are the producers of goods and services able to react to consumer choices?
Capitalist. Aplus answer Market
