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What is Englands main export?
Manufactured goods, chemicals, foodstuffs
What goods and activities were found in the new englands?
fish,shipbuiling,timber,whaling oil
As a result of Englands policy of salutary neglect the colonies developed a?
desire for fine british goods
What is price of related goods in demand?
Price of related goods in demand means prices of substitute goods and complementary goods.
How do complements affect demand?
Because of complimentary goods demand increase.
Will there always be a demand for goods?
Goods fill needs; so as long as there is human life, there will be a demand for goods.
Is the income elasticity of demand different for normal and inferior goods?
Yes, the income elasticity of demand is different for normal and inferior goods. Normal goods have a positive income elasticity of demand, meaning that as income increases, the demand for these goods also increases. In contrast, inferior goods have a negative income elasticity of demand, indicating that as income rises, the demand for these goods decreases.
How does price help to connect the availability of goods to the demand for goods?
The price of a given commodity will determine both the demand and the availability of goods. If the price is reduced the demand of the goods will increase and the availability of the goods will reduce.
What do you call in economic terms buying and selling of goods?
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
textiles are what leading industry?
The leading industry in textiles is manufacturing, which involves the production of clothing, household textiles, technical textiles, and industrial textiles. This industry plays a crucial role in the global economy by providing employment and meeting the demand for various textile products.
What is secondary demand?
It is the demand for specific goods/services of a firm. Due to differentiation of goods in the industry.
What does consumer mean in textiles?
It's a person who uses goods and services
