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What satisfaction do consumers get from the goods and services they purchase?
Wiki User
∙ 8y ago
Utility.
Wiki User
∙ 12y ago
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What determines what goods and services are produced?
Consumers determines what goods and services are produced.
Who uses goods and services?
consumers
People who buy goods and services are called?
Consumers
Does open economy do more harm than good?
It does more good because consumers are able to purchase more goods and services outside the production possibility boundary and producers can sell goods and services to other economies.
What is a product market?
Product market is the place where goods and services are created and sold by businesses. This does not include trading instead focuses on finished goods purchased by the public sector and foreign buyers.
What do consumers expect when they buy products and services?
When consumers buy goods and services, they expect them to be as good as the seller claims they are. They look for utility when they purchase the goods.
How is production important in the provision of goods and services to consumers?
Production of goods is important for services and companies because companies must produce in mass what goods or services consumers will purchase. If customers do not wish to purchase a certain good or service, then it could cost a company mass amounts of money if they have produced it.
What do consumers do that influences producers according to the circular flow model?
Purchase goods and services
According to the circular flow model what is something consumers do that influences producers?
Purchase goods and services
Who will get the goods and services?
consumers
What determines what goods and services are produced?
Consumers determines what goods and services are produced.
Who uses goods and services?
consumers
People who buy goods and services are called?
Consumers
What is the consumer rights in uk?
Consumers have rights in the UK when they purchase goods and services. There are laws that protect consumers from shady business practices. The laws allow consumers to get full restitution from unfair commercial ventures.
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
Does open economy do more harm than good?
It does more good because consumers are able to purchase more goods and services outside the production possibility boundary and producers can sell goods and services to other economies.
Who provides the goods and services available to consumers?
Producers
