What role does the consumer play in a free market economy?

1 answer:

5 0

Consumers usually make up the majority of a free market economy. Their role is spending. If there is a lack of spending of the consumer the free market suffers. If the spending decreases to much then it can cause a recession or a depression. The the government also usually keeps track of the consumer spending and use it as valuable information in seeing how stable the economy is .

You might be interested in

Item 6Item 6 Part 1 of 2 Time Remaining 55 minutes 55 seconds00:55:55 Required information Required information Watch the concep

hram777 [196]

Answer: This memory is an example of episodic memory.

Explanation:

Episodic memory definition:

Episodic memory is that memory which enables us to retrieve information or remember information based on the situations we have experienced. These are the memories we can recall using our cognitive abilities in order to put together all the our life past events or remember each of them.

It is like playing a CD in your minds of all the experiences that you went through based on the events that you consider crucial .

6 0

3 years ago

Josh is a 17-year-old teenager who is known by his classmates as "the daredevil." Josh takes extreme risks that often threaten h

rjkz [21]

Answer: Personal Fable

Explanation:

From the given case/scenario, we can state that the following case tends to take place due to Josh's personal fable. Personal Fable is known as or referred to as a belief or notion which is held by several adolescents under which they are told that they are unique and special , to such an degree that not even a single life's problems or difficulties can affect them irrespective of their behavior.

3 0

3 years ago

North Carolina supported the idea of Tennessee becoming a state. True False

Vlad1618 [11]

Answer:

True

Explanation:

3 0

3 years ago

__________ is a planting technique that helps prevent soil erosion. A. Contour planting B. Parallel planting C. Hydro planting D

tiny-mole [99]

Answer:

A. Contour

Explanation:

Contour planting is a farming practice that helps reduce or prevent soil erotion through, the planting of crops along the contour.

A contour is are lines developed across a slope at the same level of elevation of the slope. A slope referes to land which slants downwards.

The contours prevent the free flow of rain water down the slope, hence trapping soil particles that would otherwise erode. They also reduce the speed with with running water, goes down the slope.

7 0

4 years ago

Read 2 more answers

The principle of ____ means that researchers should attempt to maximize the benefits of participation and take steps to identify

Airida [17]

Answer:

Beneficence.

Explanation:

Principle of beneficence can be defined as a moral obligation of researchers, physicians or scientists to act in a way that is beneficial to others, prevent and remove conditions that could be harmful, and rescue individuals that are in danger.

This ultimately implies that, the principle of beneficence is an ethical or moral rule that is mainly focused on promoting actions that are good and beneficial to others while limiting any potential for harm.

Hence, the principle of beneficence means that researchers should attempt to maximize the benefits of participation and take steps to identify and limit the potential for harm

8 0

3 years ago