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umka21 [38]
3 years ago
13

How do the decisions you make as a consumer affect people all over the world?

Business
2 answers:
skad [1K]3 years ago
6 0

Answer:

As a consumer I can influence the economy in different ways. When buying certain product or service, I am signaling that I like that certain product so producer will produce more of that product. In addition, it can help producers to make same but better product, when they see that consumers on the market like it. It also sends the signal to other producers that their product is not as good as competitors. Reason for that can be quality or price, so they will try to change something to stay competitive on the market. In addition to this, the consumer can join private organizations, interest groups, and lobby, influence public officials to vote according to the wishes of that group. In other words, with interest groups, consumers can push their agenda.  

White raven [17]3 years ago
6 0

Answer:

As a consumer I can influence economy is different ways. ... In addition it can help producers to make same but better product, when they see that consumers on the market like it. It also sends the signal to other producers that their product is not as good as competitors.

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