What is the struggle among producers for the consumers business called?
Answer and Explanation: In the free market, the struggle among producers for consumer dollars is called competition.
What is the struggle among various producers for the consumers business called Brainly?
The correct answer is competition.
What incentives do manufacturers have?
Manufacturer incentives are special deals, like 0% financing or cash rebates that you may have seen advertised for new vehicles. Often, they are offered only for certain models.
Where firms purchase the factors of production?
Chapter 2, Section 2 In an arena of exchange known as the factor market, firms purchase factors of production , such as renting land, hiring and paying workers, and borrowing money, from households. The arena in which households buy the goods and services that firms produce is called the product market.
What is the term for having a limited quantity of resources to meet unlimited wants?
– The fact that limited amounts of goods and services are available to meet unlimited wants is called scarcity.
What does the process of specialization do for the economy?
The process of specialization makes the economy : More efficient. Specialization allows conducive growth of economy .
What incentive motivates a manufacturer to sell?
What are OEM incentives?
A dealer incentive is a financial inducement used by manufacturers to motivate dealers to sell a particular product by offering discounts on that product. Dealer incentives are most often used by auto manufacturers, but may also be employed by other types of brokers or resellers.
Why does even a free market economy?
Why does even a free market economy need some government intervention? To provide for things that the market place does not address. The central government makes all the economic decisions. The central government owns all the land and capital.
How does society decide who gets what goods and services?
The central government makes all decisions about the production and consumption of goods and services . economy economic decisions are made by individuals and are based on exchange, or trade. Each society determines who will consume what is produced based on? its unique combination of social values and goals.
Where are goods and services from firms purchased?
The market for goods and services is the place where households spend their money buying goods and services produced by firms . In other words, is the place where firms sell the goods and services they have produced, receiving a revenue paid by households.
What method is used by a society to produce and distribute goods and services?
An economic system is the method used by a society to produce and distribute goods and services . Traditional economies rely on habit, custom, or ritual to decide what to produce , how to produce it, and to whom to distribute it.