What person or organization will usually supply goods and services when it appears that the benefits to society outweigh the costs to society government entrepreneur corporation banks?

What person or organization will usually supply goods and services when it appears that the benefits to society outweigh the costs to society government entrepreneur corporation banks?

Government

What are the resources used to make goods and services?

4 Key Resources – The four basic kinds of resources used to produce goods and services: land or natural resources, labor or human resources, capital, and entrepreneurship.

Which best explains how consumers purchases influence the decisions of producers?

Which best explains how consumers’ purchases influence the decisions of producers? Producers can figure out what consumers are willing to pay based on what they buy. Knowing what consumers want helps producers make more money.

Which best explains why producers need consumers?

Which best explains why producers conduct market research? Producers need to know what consumers want so they can sell more and make more profit. Which consumer influence is represented by the action of buying an item because everyone else is doing it?

Which statement best explains the role of producers in economics quizlet?

Which statement best explains the role of producers in economics? Producers supply goods and services.

What are two services examples?

Unlike goods, services are activities. The biggest difference is that goods are produced, while services are performed. Services are: intangible – you can’t touch, manufacture or store services….Here are examples of social services:

• fire service.
• police.
• education.
• social work.
• food subsidies.
• foster care.
• animal welfare.

Which consumer influences are represented?

Price, quality, promotion, personal influence, income, age, demography affect behavior product selection for the consumer. Consumer influence represented by conserving resources: Price is the factor that influences the customer to buy an item to converse resources.

Which statement best describes the role of producers in economics?

The answer is “Producers supply goods and services.”

What are examples of consumers?

Examples of primary consumers are zooplankton, butterflies, rabbits, giraffes, pandas and elephants. Primary consumers are herbivores. Their food source is the first trophic level of organisms within the food web, or plants. Plants are also referred to as autotrophs.

What is the importance of consumer?

Consumers are the main source of demand for all the goods. The producers of industrial goods or the producers of agricultural products are all producing the various items according to the demand in the market.

Which best describes the role of consumer?

The role of a consumer is buying goods. Explanation: From the economical aspect, a consumer has a demand in the market and the producer supplies the goods. Buying, using and disposing of are the steps the consumers go through on a regular basis.