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s344n2d4d5 [400]
3 years ago
11

This label is an example of

Social Studies
1 answer:
Sindrei [870]3 years ago
7 0

Answer:

Producer innovation in a market economy.

Explanation:

It should be understood that there are millions of individuals and companies that produce products that look alike. For example, there are many companies that produce balls that are of the same size, shape and colour. This is the reason why each producer has a mark or logo or sticker that it puts on its product. This is done to differentiate it's product from others that look exactly the same. This logo or mark is known as label.

In this case, the label will distinguish a producer innovation in the market from others.

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