There is such a wide variety of desired goods and services in a market system because multiple choice 2 consumers change their minds frequently. individual wants are diverse. producers determine what to produce. there is always a need to produce something new and improved.

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06-06-2022
Business

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There is such a wide variety of desired goods and services in a market system because multiple choice 2 consumers change their minds frequently. individual wants are diverse. producers determine what to produce. there is always a need to produce something new and improved.

Sagot :

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VidyaaTech2022 VidyaaTech2022 · Answer 1 · 2022-06-15T07:31:43-04:00

There is a variety of products in the market as the wants and needs of the individuals in an economy become diverse.

Option B is the correct answer.

What is a product?

Product refers to the goods manufactured by companies and sold by the retailers in the consumer market.

The companies in the digital world creating lots of new and innovative goods that attract the customers to buy more which results in an increase in their consumption needs. The consumption needs will then affect the wants of individuals and make them diverse and differentiated.

Therefore, the diversified wants of individuals are caused due to wide variety of products in the market.

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There is such a wide variety of desired goods and services in a market system because multiple choice 2 consumers change their minds frequently. individual wants are diverse. producers determine what to produce. there is always a need to produce something new and improved.

Sagot :

What is a product?

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