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What is the role of consumers and producers in a free-market system?
They make the economic decisions.
What is role of consumers and producers in a free-market system?
C. They make the economic decisions
What is the role of consumers and producers in free-market system?
C. They make the economic decisions
What is the role of consumers and producers in a free-market system.?
C. They make the economic decisions
Describe the role played by the producers in an economic system?
Producers play a crucial role in an economic system by creating goods and services that meet consumer demands. They invest resources, such as labor, capital, and raw materials, to manufacture products or offer services, thereby driving economic activity. Additionally, producers influence pricing and market dynamics through their production decisions, which can lead to innovation and competition. Ultimately, their activities contribute to overall economic growth and the well-being of society.
Describe the role played by the producers in an economic system and give an example of someone being a producer.?
Producers, produce the goods and services the consumers deamand, want, and need.
What is the role of consumers and producers in a free-market system?
They make the economic decisions.
What is the role of consumers and producers in the market system?
C. They make the economic decisions
What is role of consumers and producers in a free-market system?
C. They make the economic decisions
What is the role of consumers and producers in a free-market system.?
C. They make the economic decisions
What is a role of consumers and producers in a free-market system?
C. They make the economic decisions
What is the role of consumers and producers in free-market system?
C. They make the economic decisions
What is the role of the consumers and producers in free market system?
C. They make the economic decisions
What played a significant role in economic expansion?
What played a significant role in economic expansion?
What is the role of consumers and producers in free market?
C. They make the economic decisions
Which of the following titans of industry played a major role in holding the economic system together with his banking and business practices?
J.P. Morgan
Does the Constitution of the US include a full description of the role of the government in THE economic system?
The US constitution says very little about the role of the government in the economic system, and certainly does not include a full description of that role.
