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What would most likely increase the price of a product in a market economy?
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How does the market economy work?
An increase in trade and aided the growth of market economy
How does market economy work?
An increase in trade and aided the growth of market economy
How does a market economy coordinate factor and product markets?
8=====(-)
Circular flow of income in a four sector economy?
product market
What does GDP stand for in market economy?
Gross domestic product (GDP).
How does the market economy work?
An increase in trade and aided the growth of market economy
How does market economy work?
An increase in trade and aided the growth of market economy
Which type of economy is likely to have wealthy consumers?
a market economy
What type of economy does US have?
ran by GDP- Gross Domestic product mixed market economymixed market economy
What type of economy does the U.S have?
ran by GDP- Gross Domestic product mixed market economymixed market economy
How does a market economy coordinate factor and product markets?
8=====(-)
What economy does the UK have?
The United Kingdom's economy has a total gross domestic product of about $2.15 trillion in 2009, making it the world's seventh largest.
How do you develop a new product in the market?
If you have a product no-one else has - market research will identify whether the product is likely to be successful.
How can you increase your market share as a marketing manager?
As a market manager the market share of a product can be increase by 1) Increasing advertisement 2)Customer preferences 3)Improved quality 4)Market segmentation 5)Product differentiation
Change in market price?
Changes in the market price is determined by demand of a product. If consumers demand the product, then the price will increase.
Circular flow of income in a four sector economy?
product market
What does GDP stand for in market economy?
Gross domestic product (GDP).
