explain the roles of the entrepreneur the consumer and the government in a market economy. how do they interact with one another?

Question

History

Roman Newton

9 June, 18:29

explain the roles of the entrepreneur the consumer and the government in a market economy. how do they interact with one another?

+5

Answers (1)

Know the Answer?

Arely Johns · Answer 1

read explanation.

Explanation:

The consumer-usually the backbone of the market economy, is in charge of purchasing the product and producing income to the entrepreneur who is in charge of running that business.

after that consumer made the purchase and the consumer received the payment, some of that payment goes to the government who then takes the money as a sort of down payment and resupplies the entrepreneur to sell more goods/services to the consumers.

This, of course, is the USA market economy so if this is for another country then I am sorry.