Podcast
Questions and Answers
How do consumers decide what should be produced in a market economy?
How do consumers decide what should be produced in a market economy?
Consumers decide through the purchases they make.
Who decides what products are needed in a command economy?
Who decides what products are needed in a command economy?
A central planning committee decides.
In a market economy, who can buy more goods and services?
In a market economy, who can buy more goods and services?
People who have more money.
How are economic decisions made in a command economy?
How are economic decisions made in a command economy?
In a mixed economy, who works together in decision-making?
In a mixed economy, who works together in decision-making?
Why do we learn economics?
Why do we learn economics?
Why do we learn economics?
Why do we learn economics?
How can managers benefit from studying economics?
How can managers benefit from studying economics?
In what ways can individuals use economic analysis on a personal level?
In what ways can individuals use economic analysis on a personal level?
What role does economics play in evaluating public policies?
What role does economics play in evaluating public policies?
How does studying economics benefit managers in decision-making?
How does studying economics benefit managers in decision-making?
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