GK
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In a free enterprise economic system, the decisions about what to produce are made in response to-
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voting patterns
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consumer demand
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government quotas
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university graduation rates
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Explanation:
Detailed explanation-1: -Consumers buy goods and services to satisfy their wants, and producers make goods and services.
Detailed explanation-2: -What roles do consumers and entrepreneurs play in a free enterprise system? Consumers play the crucial role of “judge” by purchasing the products and services that best meet their needs. In this way, consumers determine which products are sold and which businesses succeed.
There is 1 question to complete.