208k views
2 votes
How might the purchase decisions of consumers impact a market economy?

User Gcswoosh
by
8.6k points

1 Answer

3 votes

____________________________________________________

Answer:

If a consumer buys some products, but not other products, that determines what should be produced in the market.

____________________________________________________

The purchase decisions of a consumer impacts the market economy because if a consumer buys some products, but not other products, that determines what should be produced in the market.

____________________________________________________

Step-by-step explanation:

The reason why this would be your answer is because consumers are the one that helps the market determine what they should produce or not. For example, if a lot of people buys a certain toy, but not another toy, the marketers would keep producing the toy that the consumers buy more and discontinue production on the other. The reason why they do this is because they want to save money, you wouldn't want to waste money producing something that no one will ever buy. This helps the market by saving more time and money and lets the know the products that they have to be focusing on because of the amount of people that get the product. The decision of a consumer helps out a lot of businesses, and the decisions they make are beneficial to production.

____________________________________________________

-Julie

User Samanthasquared
by
8.2k points