A Market Economy is the most
efficient way of organizing
economic activities. Millions of
suppliers (firm) and consumers
(buyers) make the markets. The
suppliers and consumers sell and
purchase goods that satisfy the
wants of consumers and suppliers.
Suppliers and consumers make
rational decisions, respond to
incentives and make tradeoffs. Over
all trade makes everyone better
off. (Mankiw) If one firm does not
meet the wants of the consumer then
they will lose their place in the
market.
Sales for most major retailers have
risen this quarter, while others
have fallen. The over all sales
gain equals 7.9%. (Chandler) Sales
rose because consumers are not
bothered by threats of war. Also,
they feel confident in current and
future stability of the economy.
The reason some retailers lost and
most gained could be a number of
possibilities: Prices might be too
high for the consumer's taste.
Marketing strategies appealed to
consumer's tastes. Consumer's......
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Approximate Pages: 2 (260 words per double-spaced page) |