Answer the following questions. 1. What is market demand? 2. What are the examples of most consumed fish in the market? 3. What are the examples of most consumed animal by-product? 4. What is the difference between a consumer and a retailer?
3.Pork is the most widely eaten meat in the world accounting for over 36% of the world meat intake. It is followed by poultry and beef with about 35% and 22% respectively.
4.theconsumer is one who, or that which, consumes while retail is the sale of goods directly to the consumer;
Answers & Comments
1. In economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given period of time.
2. milkfish, roundscad, sardines, frigate tuna, anchovies, mackerel, tilapia.
3. Pork is the most widely eaten meat in the world accounting for over 36% of the world meat intake. It is followed by poultry and beef with about 35% and 22% respectively.
4. the consumer is one who, or that which, consumes while retail is the sale of goods directly to the consumer;