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Consumers influence government through their purchasing decisions and collective behavior, which can drive policy changes and regulations. When consumers advocate for certain products, ethical practices, or environmental concerns, they can prompt lawmakers to respond to these demands. Additionally, consumer advocacy groups and public sentiment can shape legislation by highlighting issues that affect public welfare. Ultimately, governments often prioritize the needs and preferences of their constituents to maintain support and legitimacy.
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What best explains why the free-market system follows a circular flow model?
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
Name two factors that influence a consumers needs and wants?
Two factors that could influence a consumers needs and wants could be their peers or advertising.
What can Americans do to influence the economic goals of the nation?
While consumers and producers make most decisions that mold the economy, government has a powerful effect on the US economy in a last four areas, as the government uses a capital system.
What groups of players make all of the economic decision in a free-market system?
consumers and producers
How does information provided by the government influence consumer decision?
Consumers do not buy products revealed to be dangerous.
Why can consumers have influence over consumers?
Politicians rely on the votes of consumers to keep them in office.
What best explains why the free-market system follows a circular flow model?
consumers and producers influence each other in a circular fashion
Why do consumers have influence over politicians?
Politicians rely on the votes of consumers to keep them in office.
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
Name two factors that influence a consumers needs and wants?
Two factors that could influence a consumers needs and wants could be their peers or advertising.
What can Americans do to influence the economic goals of the nation?
While consumers and producers make most decisions that mold the economy, government has a powerful effect on the US economy in a last four areas, as the government uses a capital system.
What is something consumers do to influence producers?
Is by demanding the product
What explains how consumers purchases influence the decisions of producers?
Producers can figure out what consumers are willing to pay based on what they buy.
How did upton sin Clair contribute to involving the federal government in protecting consumers?
How did Upton Sinclair contribute to involving the federal government in protecting consumers?
Who are the users of credit?
Consumers,Businessmen, and the government.............
What groups of players make all of the economic decision in a free-market system?
consumers and producers
