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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
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
Why do you discuss private goods and public goods in economics?
because we have no lives
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.
Diffirenciate the economic goods to free goods?
Fresh air.
What is the consumer for the economic system?
Both buys goods for consumption and uses goods and services.
