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Why are consumers and producers both important to a free-enterprise economic system?
Wiki User
∙ 12y ago
To be succinct, the market mechanism allocates an efficient price vector solution to the distribution of a commodity conditional of the assumptions that that consumers and firms exist and that they have the freedom to buy as they please.
Wiki User
∙ 12y ago
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What groups of players make all of the economic decision in a free-market system?
consumers and producers
What is the role of consumers and producers in a free-market system?
They make the economic decisions.
An economic system where decisions are made by producers and consumers are what?
Free-Market system
What is the role of consumers and producers in free market?
C. They make the economic decisions
Who makes the economic decisions in a market economy?
The Market or if you want a "who", consumers and producers.
What groups of players make all of the economic decision in a free-market system?
consumers and producers
Who makes economic decisions in a free-market system?
Consumers and Producers.
How do consumers make their desires known to business?
consumers can make their desires known through their economic dealings with producers
What is the role of consumers and producers in the market system?
C. They make the economic decisions
What is the role of consumers and producers in a free-market system?
They make the economic decisions.
An economic system where decisions are made by producers and consumers are what?
Free-Market system
What is the role of consumers and producers in free market?
C. They make the economic decisions
Who makes the economic decisions in a market economy?
The Market or if you want a "who", consumers and producers.
What is the role of consumers and producers in a free-market system.?
C. They make the economic decisions
What is the role of the consumers and producers in free market system?
C. They make the economic decisions
What is a role of consumers and producers in a free-market system?
C. They make the economic decisions
What is the role of consumers and producers in free-market system?
C. They make the economic decisions
