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Which economy would consumers have the most choices of what products to buy?
Wiki User
∙ 11y ago
market economy
Wiki User
∙ 11y ago
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In which type of economy would consumers have the most choices of products to buy?
market
Tangible and intangible factors of economics?
Tangible would include the money and products that are in the economy. The intangible would be the value placed on the products in the economy.
What does A command economy usually result in?
I would say fewer choices for the consumer.
A command economy usually results in what?
I would say fewer choices for the consumer.
What is the importance of being a wise consumer?
Consumer is important for businesses because they buy the product/service that the business makes. Without consumers, there would be no point to have businesses since no one will buy the goods/services. No market can exist without consumers, and the eonomy depends on customers to spend money so the people who are paid can become consumers as well.
In which type of economy would consumers have the most choices of products to buy?
market
Which type of economy would consumers have the most most choices of products to buy?
market
Tangible and intangible factors of economics?
Tangible would include the money and products that are in the economy. The intangible would be the value placed on the products in the economy.
What does A command economy usually result in?
I would say fewer choices for the consumer.
A command economy usually results in what?
I would say fewer choices for the consumer.
What is the importance of being a wise consumer?
Consumer is important for businesses because they buy the product/service that the business makes. Without consumers, there would be no point to have businesses since no one will buy the goods/services. No market can exist without consumers, and the eonomy depends on customers to spend money so the people who are paid can become consumers as well.
How does consumers purchases influence the decisions of producers?
If consumers didn't buy a producer's products, the producer would soon go out of business.
Why would consumers want to purchase nestles products?
People buy Nestles products because they like the taste
How would you describe specialty products?
Specialty items have characteristics that compel consumers to make special efforts to find them. Consumers often do not consider price at all when shopping for specialty products
How can consumers avoid being overwhelmed by the available choices in the marketplace?
Consumers can avoid being overwhelmed by the available choices in the marketplace. One simple way is to buy only the cheapest available item. Another way to avoid being overwhelmed by all the available choices would be to make a list with brand specific items.
What type of economy has the government make all choices?
Command Economy
What would be most directly impacted by severe oil shortages today?
A severe shortage of crude oil (Petrolium) would be a huge disaster for the entire world as petroleum is AA key in manufacturing so many consumer products, pharmaceutical products as well as transportation to distribute products to market and transport consumers to work, shopping etc. A severe shortage would cripple the world economy.
