What motivated the producers of all the individual products

Assignment Help Microeconomics

Reference no: EM13746731

Think of a business firm you recently visited (such as Walmart, Home Depot, Red Lobster, Barnes & Noble, McDonald's, etc.).

What motivated the producers of all the individual products in the store to make them and offer them for sale?

How did the producers decide on the best combinations of resources to use? Who made those resources available, and why?

How does the market determine who will get the goods and services? Who decides whether these particular products should continue to be produced and offered for sale? How do these decisions differ between capitalist and socialist systems?

Reference no: EM13746731

Questions Cloud

Calculate the labor-force participation rate : Calculate the working-age population as percentage of the population and calculate the labor-force participation rate.

What were principal differences between north and south : What were the principal differences between the north and south by the early 1800's? colonial, revolutionary and post revolutionary?

Write an essay on turkish governments treatment of us people : Write an essay on Turkish governments treatment of the American people durng the first years of the 20th century. the Armenian genocide is said to have inspired Adolph Hitlers policies.

Write a book responce of the living with art by getlein mark : Write a book resposce about 100 word of Getlein, Mark. Living with Art, 9th Ed., New York: McGraw-Hill, 2010.

What motivated the producers of all the individual products : What motivated the producers of all the individual products in the store to make them and offer them for sale?

Mapping the process of innovation : What can they learn from the adopting innovation and how can this be used to maintain a competitive edge?

What percent of customers responded from catalog : Preliminary and Decile Analysis: What percent of customers responded (i.e. bought anything) from this catalog

How did world war ii alter the status of african americans : How did World War II alter the status of African Americans and how did World War II affect the status of black workers in America?

Describe the historical event the truman doctrine : describe the historical event the Truman Doctrine. Analyze the historical and contemporary causes of the event. Analyze different historical interpretations of the event.

User Account

All Pages