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What else can I help you with?
What is supplied by households in the circular flow of goods and services.?
Labor
How macroeconomic equilibrium is attained?
When the demand for goods and services is equal to the goods and services offered (supplied) by firms in the public and private sector of the economy.
What sector is Oxfam primarysecondarytertary?
Oxfam primarily operates in the tertiary sector, which focuses on providing services rather than goods. As a non-profit organization, Oxfam is involved in humanitarian aid, development, and advocacy efforts aimed at alleviating poverty and addressing social injustices. Its activities include providing education, health services, and emergency relief, all of which are characteristic of the service-oriented tertiary sector.
Is it true that The number of suppliers that enter and leave the market has no effect on the amount of goods or services supplied?
False
What is the homophone for the word bill?
a statement of money owed for goods or services supplied.
What consists of all the organizations that acquire goods and services used in the production of other products or services that are sold rented or supplied to other customers?
Business market
What do suppliers want?
it is easy. they want you to pay back on time for the goods and services they supplied. They have liabilities to other institutions as well as you have.
Is oxfam in the primary sector?
Oxfam is not primarily in the primary sector; it operates mainly in the tertiary sector. As a global organization focused on alleviating poverty and addressing social injustices, Oxfam provides services such as humanitarian aid, development programs, and advocacy. The primary sector involves the extraction and production of raw materials, whereas Oxfam's activities are centered around social services and support.
What is the law of supply and how does it impact the market for goods and services?
The law of supply states that as the price of a good or service increases, the quantity supplied by producers also increases, and vice versa. This means that there is a direct relationship between price and quantity supplied. In the market for goods and services, the law of supply impacts the availability of products and services, as higher prices incentivize producers to supply more, leading to an increase in the quantity of goods and services available in the market. Conversely, lower prices may lead to a decrease in supply.
What does 'within 30 days of receipt mean'?
In business it means that an invoice for goods or services supplied by a supplier has to be paid in full within 30 days.
What are the three types of resources for economics and explain each?
Natural - Raw materials supplied by nature.Human - The people who work to produce goods and services.Capital - The tools equipment and buildings that are used to produce goods and services.
What is a collective good or service?
goods and services supplied by the government to reduce the gap between the rich and the poor e.g. social welfare, subsidized education, health etc.
