0
What else can I help you with?
Briefly discuss Wages with the help of example?
Payments for the applications of human efforts for the production of goods and services is termed as wages.
Briefly discuss Interest with the help of example?
Payments for those goods which are used to produce other goods are called interest ie payments (remuneration) or capital.
Briefly discuss Value with the help of example?
In economics value means value in exchange ie value of a commodity is the amount of other goods and services which is obtained in exchange for it.
Briefly discuss Free Goods with the help of example?
A free good have the following characteristics; 1. material 2. useful 3. transferable ie it takes the factor " Scarcity" for example Air and sunshine etc
An example of economic goods is?
an example of an economic good is water Or any product that is manufactured...
Briefly describe your experience working with grocery dry goods and bulk items?
Briefly describe your experience working with grocery, dry goods and bulk items
Why do you discuss private goods and public goods in economics?
because we have no lives
How can free goods become economic goods?
Free goods are those which are obtained with out cost: example air, water in a lake (if you are in country), fruits (if you are in a field with trees). To obtain economic goods means to pay a cost and use labor force to obtain it
Anu ang kahulugan ng economic goods?
anu ang economic goods
What is the difference between economic and free goods?
The difference between free and economic goods is the fact that, free goods don't cost us anything to be able to have and economic goods cost us to be able to get that service or good.
Communism is an example of what type of economic system?
It is a form of a command economy. Communism is an economic theory which stresses that the control of the means of producing economic goods in a society should reside in the hands of those who invest their labor for production.
What is an example of a capital good and how does it contribute to the production of other goods and services?
An example of a capital good is a machine used in a factory to produce goods. This machine helps increase efficiency and productivity, allowing for more goods to be produced in a shorter amount of time. By using capital goods like machines, businesses can produce more goods and services, leading to economic growth and development.
