Who Are Decisions Made By In A Market Economy? Customers, Producers, Entrepreneurs, Investors, Or All Of Them?
By admin on Feb 08, 2010 with Comments 4
yup, its a free market and every agent is free to make a choice. They’ll make choices based on the information they have, expections or good old herd mentality. Either way everyone makes decisions and these affect other peoples decisions.
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They all interact. The decisions of one group affect the decison-making of the others.
Basically, it is the decision to buy and/or sell a specific good or service at a given price. And that applies to all the actors on your list.
The Center for Media Research has released a study by Vertical Response that shows just where many of these ‘Main Street’ players are going with their online dollars. The big winners: e-mail and social media. With only 3.8% of small business folks NOT planning on using e-mail marketing and with social media carrying the perception of being free (which they so rudely discover it is far from free) this should make some in the banner and search crowd a little wary.
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