answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What is the role of customers and producers in a free market system?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Who makes the decisions in a free-market system?

Consumers and producers


An economic system where decisions are made by producers and consumers are what?

Free-Market system


Consumers and producers drive pricing and production?

Free-market system


Who makes economic decisions in a free-market system?

Consumers and Producers.


Who makes all decisions in a free market system?

Consumers and Producers.


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.


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 is provided by producers in the circular flow of the free market system?

Individual goods


What is the role of consumers and producers in a free-market system?

They make the economic decisions.


What is the purpose of a free-market system?

To allow consumers and producers to make their own decisions


What is the role of consumers and producers in a free-market system.?

C. They make the economic decisions