How do the decisions you make as a consumer affect the economy

2 answers:

5 0

Firms make their production decisions based on consumers' needs and wants, that is, there is only supply of goods and services because there is a demand for it. In this way, every consumption decision affects the economy, as it affects production. Production demands resources such as capital, labor and raw materials. Therefore, consumer decisions affect the functioning of the economy as a whole.

Gekata [30.6K]3 years ago

3 0

A consumer is someone who purchased goods or services. So if people stop buying that certain good or service. Then the economy can go down because there won't be as much money coming in as there was. And then if people buy more of a certain good or service then the economy will go up because they'll be receiving more money.
I hope this helps.

You might be interested in

Waterloo was the Belgian village in which Napoleon defeated all the European armies in 1815.

inysia [295]

Answer:

false

Explanation:

4 0

3 years ago

Which medieval technology revolutionized the processing of the medieval staple? Identify the technology and tell how it was used

xeze [42]

Answer:

The period saw major technological advances, including the adoption of gunpowder, the invention of vertical windmills, spectacles, mechanical clocks, and greatly improved water mills, building techniques (Gothic architecture, medieval castles), and agriculture in general (three-field crop rotation).

Explanation:

7 0

3 years ago

What did chines philosophy say that children owed to their parents

Mrrafil [7]

The answer is,
respect

3 0

4 years ago

which aspect of the early years of the Great depressin does the picture of Bonus Army marchers best illustrate?

Nat2105 [25]

Answer:

The Bonus Army was a group of 43,000 demonstrators – made up of 17,000 U.S. World War I veterans, together with their families and affiliated groups – who gathered in Washington, D.C. in mid-1932 to demand early cash redemption of their service certificates. in 1932, a group of WWI veterans in Portland Ore rallied the Bonus Army to Washington to lobby for early payment of their promised bonuses

Explanation:

hope this helps and feel free to give brainiest

8 0

3 years ago

Why was the new king of Egypt afraid of the israelites?

Darina [25.2K]

In a third attempt to weaken the Israelites and resolve Pharaoh's irrational fear, the Egyptian king commands all his people (not just the Hebrew midwives) to kill all Hebrew baby boys by throwing them into the Nile River.

4 0

3 years ago

Read 2 more answers