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Which economic system would you expect the widest selection of consumer goods?
Wiki User
∙ 12y ago
Free Enterprise.
Companies fight over customers and build a variety of products in order to capture a consumer-base for their products.
Wiki User
∙ 12y ago
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What is the consumer for the economic system?
Both buys goods for consumption and uses goods and services.
Free market economic system?
consumer
Which of these is an example of a market economic system?
The Price of a good or service is detrimend by consumer demand
What type of economic system offers the least amount of freedom to the consumer?
Command. The government tells you what to do and you have to follow.
Explain why the role of a consumer is important in an economic system and give two examples of someone playing the role of consumer?
Because the consumer is the one who is going to buy those products or use the services, that brings net outcome to the firm. Therefore the consumer plays a very important role in the economic system. The consumer is the one with the demand
What is the consumer for the economic system?
Both buys goods for consumption and uses goods and services.
Free market economic system?
consumer
What is the keystone to the American economic system?
consumer sovereignty
What is the keystone of the American economic system?
consumer sovereignty is this the real answer
What is the role of consumer in a free market system?
C. They make the economic decisions
Which of these is an example of a market economic system?
The Price of a good or service is detrimend by consumer demand
What type of economic system offers the least amount of freedom to the consumer?
Command. The government tells you what to do and you have to follow.
Explain why the role of a consumer is important in an economic system and give two examples of someone playing the role of consumer?
Because the consumer is the one who is going to buy those products or use the services, that brings net outcome to the firm. Therefore the consumer plays a very important role in the economic system. The consumer is the one with the demand
What is the role of consumer and producer in a free market system?
The producer produces (makes) the product, and sells it to the retailer (the store). The consumer (you and me) goes to the retailer and buys the product.
What are the different economic system?
traditional economic system command economic system market economic system
What are the three different economic system?
traditional economic system command economic system market economic system
How does the consumer influence what goods and services will be produced?
The basic economic theory states that "When there is demand efforts will be made to satisfy this demand by virtue of supply." Now in an economic system the consumer dictates the demand and so the supply has to satisfy the demand.So the suppliers have to model their products and services which corresponds to demands of the consumers.
