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Explain how the decisions you make as a consumer influence the economy?
Maggiemayy22
everyone as a consumer affects the economy on what they spent and how they spent
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Explain how division of labor and specialization enhance production in an advanced economy?
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What effect did America's mood have on individuals' financial decisions?
The nation's economy was slowing down in the worst way. President Harding went to work to fix the economy. (1) Reduce Spending, (2) Reduce Taxes, Etc...
What will increased consumer spending?
Consumer spending is called consumption, which is a component of Aggregate Demand in our economy. In monetary policy, the Federal Reserve can buy treasuries, lower the reserve requirement, and lower the discount rate which will increase consumption. In fiscal policy, the government can cut taxes to increase consumer spending.
What is fiscal tax?
Fiscal tax is when the government uses revenue collection to influence the economy. This influences the demand of economic activity.
What external influence does a company encounter when determining how and where to conduct business globally?
One external influence a company encounters when determining how and where to conduct business globally is the type of economy a country has. Another influence might be the laws of the region and permits that will be necessary. Tax payments are also considered in a global market.
Explain how the decisions you make as a consumer influence the economy.?
everyone as a consumer affects the economy on what they spent and how they spent
How the decisions you make as a consumer influence the economy?
everyone as a consumer affects the economy on what they spent and how they spent
In a command economy which factor answers the question of what to produce?
government decisions
What is the consequences of consumer economic decisions in a free enterprise economy?
In a free enterprise economy, the consumer economic decisions can affect the price and supply of a commodity. When the consumers show interest in a product (demand), there will be an increase in the number of producers willing to supply it.
Who makes the decisions in the market economy?
The consumer who influences the market and the country's laws regarding business.
Analyze the consequences of consumer economic decisions in a free enterprise economy?
i have the same question for my economics class :/
what is positive and negative influence of marketing on society?
A positive influence of marketing on society is boosting the economy. A negative influence is consumer confusion when the market is too vast.
What factors influence consumer spending?
The factors that influence consumer spending include disposable income and consumer confidence. Disposable income relates to the amount of money a household has left over after their bills have been taken into account. Consumer confidence relates to the consumer's view of the current economy while taking into consideration their own financial circumstances.
What are the characterstics of a pure market economy?
A pure market economy is an economy where all major economic decisions are made by individuals and private firms. Therefore some characteristics would include freedom of enterprise, and consumer sovereignty.
Why is the consumer considered ''King'' in a capitalist economy?
The consumer is considered King, in a capitalist economy, because the spending of the consumer is what drives the entire economy. The more the consumer spends the better the economy becomes.
Who decides what goods and services will be produced in a market economy?
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
Who make the decisions in a command economy?
In a command economy government planners make the decisions and in a market the decisions are made by individuals.
