How do the decide how it gets produced in a market system?
Apr 28, 2022 · Consumers decide what is produced, the producers determine the best means of production, and the actual price decides who gets the product/what's being produced.
When did American business begin to focus on customer needs?
Sep 16, 2023 · American started to focus on customer needs after World War II. The balance of power shifted away from producers to customers. The reason was more intense competition, which gave …
Why are power stations situated far from consumers? - Answers
Jan 25, 2025 · Power stations are often situated far from consumers to take advantage of economies of scale and access to abundant Natural Resources, such as water for hydroelectric plants or coal for …
In theory industries can manufacture and sell poisons bombs ... - Answers
Dec 10, 2025 · Government involvement in business can be beneficial for ensuring fair competition, protecting consumers, and regulating industries to prevent monopolies and unethical practices.
Why does it benefit both consumers and suppliers to carry out power ...
Aug 11, 2023 · The utility supplier benefits by making more efficient use of generating facilities and transmission systems. This means they can serve more customers with the same equipment, or …
What are switching stations power cables and lines? - Answers
Dec 15, 2022 · What does a Pylon power cable do? A pylon power cable, often referred to as overhead power lines, transmits electricity from power generation stations to substations and ultimately to …
What does Less dependence on begging and more power in ... - Answers
Dec 24, 2022 · Consumers have fewer choices and less bargaining power in a monopoly market, resulting in a lack of options and potentially unfair practices.
What is the difference between general environment and industry ...
Aug 19, 2023 · These can be government regulations on trade practices,employment and taxation or even the economic climate: whether consumers have the purchasing power and willingness to buy …
What is a negawatt? - Answers
May 21, 2024 · Negawatt power is a term coined and introduced by Amory Lovins in a 1989 speech. A negawatt is a concept related to power and electrical generating capacity. A similar concept applies …
What happens to unused electricity in the power grid system?
Mar 12, 2025 · Unused electricity in the power grid system is typically redirected or stored for future use. It can be sent to other areas that need more power, stored in batteries, or dissipated as heat. This ...