Answer:
Market segmentation
Explanation:
Market segmentation is the process of dividing a market into distinct groups of buyers who have different needs, characteristics, or behavior.
The businesses use market segmentation to separate each market from another to study their demand closely. It helps them in catering to them according to their characteristics. They are able to treat every market according to its unique characteristics and generate more profit while doing that.
It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community. As such, an economic system is a type of social system....
Answer:
As factors of production, the reward for land is rent, capital is interest, labour is wages and salaries and entrepreneur is profit.
Positive coorelation.
A price goes up, more companies will produce goods and services because they want to take advantage of the higher price.