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What is the basic economic condition of all goods and services?
shortage
What are the four fundamental economic questions?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
What is the exchange of goods and services without the use of money?
That is the economic practice of "bartering". Trading goods or services you have for the goods or services someone else has.
Economic question answered by basic social values and goals?
The three economic questions are answered. What goods and services should be produced? How should these goods and services be produced? Who consumes these goods and services? its a trick question
What are the different economic and non economic costs of unemployment?
Economic costs is the decrease in goods and services that occurs as result of unemployment but non-economic cost is the increase in goods and services that occur as result of unemployment.
What is the consumer for the economic system?
Both buys goods for consumption and uses goods and services.
The means through which goods and services?
Economic Resources
What three basic economic questions must be answered by every society?
What goods and services should be produced?How should the goods and services be produced?Who should get the goods and services?
What economic system is characterized by the unregulated exchange of goods and services.?
Free Market is characterized by the unregulated exchange of goods and services.
When market governments decide how to distribute wealth money goods and services what basic economic question are they answering?
Markets or governments make economic decisions about how to most efficiently convert their resources into goods and services. The basic economic question that is being answer is how to produce.
What are the 3 basic economic questions?
The three basic economic questions are:What goods and services should be produced?How should the goods and services be produced?For whom should the goods and services be produced?
What are the Characteristics of an ecommerce economic model?
The characteristics of an e-commerce economic model include the ease of buying and selling of goods and services. These exchange of goods or services are done online.
