explain how consumers affect which goods and services are produced
Answers
Answered by
0
Consumers consumption rate affects the rate of goods and services in terms of their production and supply. High demand of goods and services will increase the rate of goods and services produced on the other hand low demand of goods and services will reduce the rate of goods and services supplied and produced in any given market set up.
Similar questions
Science,
5 months ago
Geography,
5 months ago
Math,
5 months ago
Math,
10 months ago
Biology,
10 months ago
Social Sciences,
1 year ago
Social Sciences,
1 year ago