A Market Economy

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Title: A Market Economy

Essay Details:

Subject: Business

Author: Chuck E

Date: August 15, 2011

Level: University

Grade: A

Length: 2 / 561

Essay text:

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...

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