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Molodets [167]
3 years ago
5

An economy is created by the interactions between which two groups of people? (Select the best answer.)

Business
2 answers:
Veronika [31]3 years ago
8 0
<span>An economy is created by the interactions between producers and consumers.</span>
marishachu [46]3 years ago
8 0

Answer: Producers and consumers

Explanation:

 An economy is the term which refers to the system of the production, distribution, trade and the consumption different types of services and the product in the specific area.

Economy is basically created by the producers and the consumers interactions. In most of the economics, the money of the services the different types of products are paid by the consumers.

 As, the consumer is the person that buys the services and the product to run its company and organization. The producer is the person who produces the different types of products and services.

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People do have preference. Routine response behavior is the marketing term for this type of consumer behavior.

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Consumer behavior is known to be the study of how people, customers, groups, etc., often select, buy, or use goods, and services to answer to their needs and wants.

Routine Response is also known as Programmed Behavior. Here one is buying low cost items and as such one do not need much search and decision effort.

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