help me I need this answer
the purchase of a consumer (CONSUMER) (: welcomeee
this is gayyy
the government
In a market economy, people are motivated to work by self interest. In a command economy, such as that of North Korea, people are motivated by some combination of patriotism and fear. In a utopian community they might be motivated by idealism. Those are pretty much the only options.
;;k
Competition within industries motivates a market economy. With more options, consumers will spend money on the products they want, which will help the economy.
the purchase of a consumer (CONSUMER) (: welcomeee
this is gayyy
the government
No, the market supply curve states that amount of goods that will be supplied within an economy at a given price.
In a market economy, people are motivated to work by self interest. In a command economy, such as that of North Korea, people are motivated by some combination of patriotism and fear. In a utopian community they might be motivated by idealism. Those are pretty much the only options.
;;k
Market Economy.
The suppliers increase production with higher prices because there is more profit margin.
The suppliers increase production with higher prices because there is more profit margin.
Money and the poducts that are sold.
I think it's mostly about suppliers.