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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.
What is the 5 characteristics of the US economy?
Mixed economy Consumer sovereignty Competition Private property Free market
What type of economy are the producers of goods and services able to react to consumer choices?
Capitalist. Aplus answer Market
Is Ghana a capitalist or socialist economy?
Ghana is a capitalist economy.
In which type of economy are the producers of goods and services able to react to consumer choices?
Capitalist. Aplus answer Market
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 controls production in a pure market economy?
The people (aka. consumer sovereignty).
What is the 5 characteristics of the US economy?
Mixed economy Consumer sovereignty Competition Private property Free market
What refers to the role of the consumer as ruler of the market?
Nothing. In capitalist society rules a legal assumption that every customer possess encyclopedic knowledges about goods. -Friedrich Engels
What type of economy are the producers of goods and services able to react to consumer choices?
Capitalist. Aplus answer Market
what type of economy are the producers of good and services able to react to consumer choices?
Capitalist. Aplus answer Market
Is Ghana a capitalist or socialist economy?
Ghana is a capitalist economy.
In which type of economy are the producers of goods and services able to react to consumer choices?
Capitalist. Aplus answer Market
Is US a capitalist economy or mixed economy?
Capitalist: wages system,production for profit, class ownership.
Is Uruguay a capitalist or communist economy?
A capitalist economy since its conception.
Is Britain a capitalist or socialist economy?
true
List of countries with capitalist economy?
Two of the countries that have a capitalist economy include: Germany and the United States. Also, China, India, and Japan have a capitalist economy.
