What are some non-market forces that may impact no consumers, undershot customer, and overshot customers? Provide examples.

A

It is important to remember that non-market forces also have a considerable effect on the development of innovation. The government is one of these factors that can influence the three groups of consumers. For instance, the balance between jo regulation and laws concerning intellectual property, industry standards, and unions often encourage people and companies to innovate, which has a significant impact on noncustomers. The example of Tom Carter’s invention shows the way the government contributed to the development of innovation. This involvement had a direct effect on undershot customers who obtained an opportunity to buy services that were necessary and affordable. As for overshot customers, governments introduce various restrictions that make companies focus on a limited number of properties or lower prices.

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1. Academic.Tips. "What are some non-market forces that may impact no consumers, undershot customer, and overshot customers? Provide examples." June 10, 2021. https://academic.tips/question/what-are-some-non-market-forces-that-may-impact-no-consumers-undershot-customer-and-overshot-customers-provide-examples/.


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Academic.Tips. "What are some non-market forces that may impact no consumers, undershot customer, and overshot customers? Provide examples." June 10, 2021. https://academic.tips/question/what-are-some-non-market-forces-that-may-impact-no-consumers-undershot-customer-and-overshot-customers-provide-examples/.

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