Savvy Styles, your salon business, is starting to turn a solid profit. Since you have been operating out of a shared space, you decide it is time to move to a larger salon space of your own and purchase some new chairs and equipment. You get a small business loan from your local bank. Now you should plan to:

a. Repay the loan, including interest, over a predetermined amount of time
b. Write the bank a thank you note and put a positive review on Yelp
c. Pay the total interest upfront
d. Pay the minimum payment on the loan to the bank each month

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.