1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ugo [173]
3 years ago
6

The market mechanism:_______

Business
1 answer:
mafiozo [28]3 years ago
8 0

Answer:

d. Relies on prices and sales to communicate consumer wants to producers.

Explanation:

Market mechanism also known as free market economy is a market where there are no government control over what the buyers buy and what the sellers sells. Here, there are no regulations to prices of goods and services .

In a market mechanism, decisions on forces of demand and supply are made solely by individuals. Market mechanism are associated with capitalist economies unlike Government controlled markets which are associated with Socialist economies.

Examples of market mechanism are industries, companies, businesses which produces and sells goods and services at the price commensurate with what consumers want to pay . Also, companies are willing and able to pay highest wages and salaries in line with workers demand.

You might be interested in
A real estate licensee typically allows the licensee to A) give tax advice to a prospective purchaser of real estate. B) provide
natka813 [3]

C) represent clients and customers in residential or commercial property transactions, but not both.

A real estate licensee refers to an individual who holds an active license as a real estate broker, principal real estate broker or licensed real estate property manager.

A real estate licensee has permission to enter into a property they represent with the general public. This means that the owner of the real estate grant the agent his or permission to make use of the land.

Other duties of a real estate licensee are :

  1. Determining clients’ needs and financials abilities to propose solutions that suit them.
  2. Providing guidance and assisting sellers and buyers in marketing and purchasing property for the right price under the best terms.

Learn more about real estate licensee here : brainly.com/question/25506644

7 0
2 years ago
Read 2 more answers
Iz, Lauren, Odd, and Ralph started a T‑shirt company. They can produce any number of T‑shirts at a cost of $2 per T‑shirt, both
ale4655 [162]

Answer:

Market price = $2, profit = $0

Product differentiation

Increase profit

Explanation:

The market price will be $2, since the two firms will compete against each other, then the ori e falls to the marginal cost of $2

Product differentiation refers to the distinction made in a market whereby mostly similar products are produced. The variation or distinction made by different producers is usually used to influence consumer decision. The inscription of iguana made on the chest of iz and odd's t-shirt brand is to differentiate its product from that of Ralph and Lauren.

The Economic reason which could have likely sparked iz and odd's decision to put Iguana on its t-shirt brand is to give consumers something a bit more different from their usual design, thereby enticing more customers and ultimately increase profit.

5 0
3 years ago
the last recession changed the way many companies offer support to people and communties in need. many companies
GenaCL600 [577]
<span>The recession changed the way social assistance is provided by the means of reducing the specific financial capital allocated to these aspects, and instead encourage employees to take part in various social projects and programs that the company would be implementing.</span>
3 0
3 years ago
How many pages does a good résumé have?
nasty-shy [4]
B is a reasonable amount of pages. You'll want to be brief in your resume as to not make the employer bored while they are reading it. Just keep the important stuff.
3 0
3 years ago
Read 2 more answers
To what extent do you think Semler would succeed as a leader in other types of organizations
iren2701 [21]

Answer:

to a large extend

Explanation:

Remember Semler's business was a marine-pump  business, which he transformed into a multi national business.

He did so by:

  1. democratizing his workplace, which could be done in other types of organisations.
  2. changing  his  own  leadership  style  by giving workers more control. Thus even in other types of organisations positive leadership style changes could be successful.
8 0
3 years ago
Other questions:
  • Each time a method is invoked, the system stores parameters and local variables in an area of memory, known as _______, which st
    10·1 answer
  • Paul and Karen Kent are married, and both are employed (Paul earned $44,000 and Karen earned $9,000 this year). Paul and Karen h
    11·1 answer
  • Your organization is creating a site-to-site vpn tunnel between the main business location and a remote office. what can they us
    13·1 answer
  • Leonore's Luxury Leather Footwear Corp. conducted a SWOT analysis and determined that at least 57% of consumers would demand hig
    6·1 answer
  • The largest component of GDP by far is A. net exports. B. personal consumption expenditures. C. government purchases of goods an
    7·1 answer
  • What does the European Central Bank (ECB) and the Eurogroup<br> manage in economic/monetary terms?
    12·1 answer
  • According to the Marketing Concept, a. Companies produce only what customers want. b. A company should produce only basic produc
    9·1 answer
  • JBC Corp. declared a dividend of $2 per share, which was an increase of 25% from the prior year, yet JBC Corp. stock declined by
    6·1 answer
  • 11
    9·1 answer
  • UNIT 3 MACROECONOMICS POS... Question 5 V Pause Q ABC Question 5
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!