The Consumer's role in the economy

Answers

Answer 1

It takes little effort to be a consumer. The simple act of buying a good or service is the only requirement for entering the club of consumerism, for in the free-market economy the consumer is a special person. Unlike other economic systems, the free-market economy, in particular the free-market economy of the United States, caters to the consumer, appealing to his wants and attempting to satisfy his desires.

Each individual consumer, consciously or unconsciously, determines the fate of. the goods and services on the market each time he chooses one product instead of another. Each penny that is spent on any one product is the equivalent of an economic vote in favor of that particular product and against its competitors.

Related Questions

why is a human capital important for an economy

Answers

Answer:

Key Takeaways. Human capital affects economic growth and can help to develop an economy by expanding the knowledge and skills of its people. The level of economic growth driven by consumer spending and business investment determine the amount of skilled labor needed.

The middle class was the largest number of colonist. true or false?

Answers

Answer:

True I believe.

They were the largest among white colonists. Hopefully this helps!

The term used for an event in which large number of losses occur to life and property is called _____________.
toxic
vulnerable
disaster

Answers

Answer:

disaster

Explanation:

it could be a natural disaster, one that could not be avoided. flood, hurricane, earthquake or any other disaster.

Which features or characteristics indicate that a text is expository?

facts

examples

opinions

explanations

fictional stories

quotes from friends

expository text

not expository text

Answers

Answer:

Expository text is written to provide information about a topic, including a historical or scientific topic. Precise, focused on the subject, uses domain specific vocabulary, rather than figurative language. Expository text is often written in paragraphs.

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