Consumers influence how goods and services are made by

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Social Studies

1 March, 23:42

Consumers influence how goods and services are made by

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Chance Mendoza · Answer 1

The basic economic theory states that "When there is demand efforts will be made to satisfy this demand by virtue of supply." Now in an economic system the consumer dictates the demand and so the supply has to satisfy the demand. So the suppliers have to model their products and services which corresponds to demands of the consumers.