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larisa86 [58]
3 years ago
13

An economics system in which consumers vote with their dollars to answer what is produced and how it is produced is known as ___

.
Business
2 answers:
MrRa [10]3 years ago
7 0

Answer:

The correct answer is: market economy.

Explanation:

Economic decisions and prices in a market economy are determined more by market forces than by central planning. Market forces refer to the collective effect of all decisions taken by individual participants in the economy according to their free will, such as consumers and businesses. In a market economy consumers are said to have sovereignty since the value of their dollars determines the market output.

dlinn [17]3 years ago
4 0

Answer:

Market Economy System

Explanation:

A market economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand.

A market economy is a system where the laws of supply and demand direct the production of goods and services. Capitalism requires a market economy to set prices and distribute goods and services.

You might be interested in
What makes McDonald's successful in business?
faust18 [17]
McDonalds is a fast food restaurant (I don't it's actually called a restaurant) and it has to best cheeseburgers and a slide. Lots of people bring their children there and the kids LOVE IT (I hope) so it is successful. Plus, there is almost 100 McDonalds in every City.
In 30 years, I think McDonalds is still gonna be in business because it has been successful for many, many years and I think if it goes out of business:
1. The world will be disappointed
2. it's impossible because it's 24/7.

I hope this helped!
5 0
3 years ago
Read 2 more answers
Whats the difference between life values and work values
Grace [21]

Answer:

<u><em>life values</em></u><em>:</em> are things you respect in your rights as a human

Authenticity Adventure Balance.

Bravery Compassion Challenge.

Citizenship Community Creativity.

Curiosity Determination Fairness.

Freedom Friendships Fun.

Generosity Growth Honesty.

Integrity Justice Kindness.

<u><em>work values</em></u><u><em>: </em></u>are things you value and respect threw  the service that you work with for example

Loyalty

A Strong Work Ethic.

Dependability and Responsibility.

Possessing a Positive Attitude.

Adaptability.

Honesty and Integrity.

Self-Motivated.

Motivated to Grow and Learn.

Strong Self-Confidence.

4 0
2 years ago
As consumers, we have to make decisions because ?
Leno4ka [110]

Answer: As consumers, we have to make decisions because our wants are <em><u>unlimited but our resources are limited</u></em>. Since you have two of the same choices, I am assuming there is a typo and this is the choice that should be there.

Explanation:

As a consumer, there is so much that can be bought but financially most people can't afford everything. When buying an item, it is up the consumer to determine if they can afford the item or go without it. Sometimes, we buy the item even though we can't afford it and then regret the purchase. To satisfy a persons wants, a budget must be in place to be able to save money to purchase items.

4 0
3 years ago
What will be the depreciation, via the straight line method, if the cost of a plant is $43,250, estimated disposal value is $3,2
Alinara [238K]

Answer:

depreciation expense per year 8,000

Explanation:

<u>The first step,</u> is to calculate the depreciable amount for the asset:

cost - salvage value = amount subject to depreciation

43,250 - 3,250 = 40,000 = depreciable amount

<u>Then,</u> we calculate the depreciation per year:

depreciable amount/ useful life = depreciation per year

40,000/5 = 8,000

In some particular cases, the first year the asset enter the accounting it could be for a period of half the accounting period, so only half-year depreciation is appliedon the first year.

7 0
3 years ago
If the average wage paid to the worker was $20 in the year 1990 and $30 in the year 2000, then the average worker in the year 20
True [87]

Answer:

False

Explanation:

Purchasing power is related to real income and not to nominal income. Even though workers had a $10 increase in their average nominal income, due to the effects of inflation, that increase does not necessarily reflect an improve in purchasing power.

The statement is false.

7 0
3 years ago
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