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Which is provided by producers in the circular flow of the free-market system?
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What is provided by producers in the circular flow of the free market system?
Individual goods
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
What is the role for consumers and producers in a free market system?
A circular flow model
Which of the following best explains why the circular flow model characterizes the free-market system?
Consumers and producers influence each other in a circular fashion.
Because the choices of consumers influence producers and the choices of producers also influence consumers the free-market system has which of the following?
A circular flow of influences
What is provided by producers in the circular flow of the free market system?
Individual goods
In a freemarket system consumers let producers know what they want to buy and how much theyre willing to pay through what?
Their purchases.
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
What is the role for consumers and producers in a free market system?
A circular flow model
Why circular flow model characterizes the free market system?
Consumers and producers influence each other in a circular fashion.
Which of the following best explains why the circular flow model characterizes the free-market system?
Consumers and producers influence each other in a circular fashion.
Because the choices of consumers influence producers and the choices of producers also influence consumers the free-market system has which of the following?
A circular flow of influences
What best explains why the free-market system follows a circular flow model?
consumers and producers influence each other in a circular fashion
What group of players make all of the economic decisions in a freemarket system?
The US, Japan and Germany are all market economies. In a traditional economy. In market economies, economic decisions are made by individuals.
What is freemarket system?
It means the the business is privately owned and operated. It is not owned or controlled by the goverment.
What best demonstrates the way consumers and producers influence each in the free market system?
A circular flow model
Which of the following best demonstrates the way consumers and producers influence each other in the free market system?
A circular model
