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How did Americans businesses get consumers to try their new unfamiliar goods?
by advertising the unfamiliar goods in ads in magazines. Or businesses worked hard to create markets for these new products.
How did American society prepare its citizens to be consumers of standardized goods?
American society prepares its citizens to be consumers of standardized goods in a few different ways. One way is advertisement. With advertising, a company can make people believe that they need an object or a good - for example, any advertisement for an iPhone or other smart phone. These advertisements appeal to what people want, not what they ultimately need.
Why do governments provide public goods?
The free market is incapable of providing these essential goods.Private companies cannot profit by providing them.
How do state governments tax consumers and vendors?
A primary way state governments tax consumers is with a sales tax. Vendors don't pay this tax on the goods they sell but they collect it from customers. They also use income tax and property tax but these are not consumption taxes
Consumers role in a mixed economy?
what is the role of a consumer in a mixed econmoy
What is it called when companies produce more goods than consumers are buying?
Overproduction
How is production important in the provision of goods and services to consumers?
Production of goods is important for services and companies because companies must produce in mass what goods or services consumers will purchase. If customers do not wish to purchase a certain good or service, then it could cost a company mass amounts of money if they have produced it.
When a country has a market economy which of these statements correctly defines this system?
Companies produce goods of their choice and consumers decide whether to buy the goods
Who urged consumers to buy goods only from companies that displayed its blue eagle system?
National Recovery Administration
What are some advantages of taxation?
Corrects market failure Companies are in favor of it as they pass on the costs to their consumers Provides public goods
When consumers get more money they tend to substitute normal goods for what goods?
When consumers get more money, they tend to substitute normal goods for _inferior_ goods.
Why did the garment workers union grow after the triangle shirtwaist factory fire?
consumers pressured businesses by boycotting nonunion goods.
What is utility for consumers?
Utility is a tool used for understanding the behavior of consumers. It is useful in determining the wants and needs of consumers so companies know what products to promote or produce.
What is the relationship between producers and consumers in economics?
Producers make the goods and consumers buy and use the goods.
What can not be done by the government in a command economy?
Deciding what goods consumers buy.
When consumers get more money they tend to substitute normal goods for goods?
inferior
Who will get the goods and services?
consumers
