Printing used to be a service historically
It get produced in factories.
what goods and services should be produced? How should goods and services be produced? who should get and use the goods and services?
In a Traditional economy goods and service are either by sharing or trading.
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
bro bro
It get produced in factories.
In a market economy, goods and services are produced for consumers.
what goods and services should be produced? How should goods and services be produced? who should get and use the goods and services?
In a Traditional economy goods and service are either by sharing or trading.
Bartering for goods and services
a good
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
Bartering for goods and services
bro bro
An economy is a system for producing goods and services.
A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.
Families, Clans, or Tribes within the a traditional economy decide what goods and services will be produced. This is based off the customs and traditions that have been followed for generations in said traditional economy