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How does a Japanese society obtain more goods and services?
Japanese society obtains more goods and services through a combination of domestic production, imports from other countries, and technological advancements that increase efficiency and productivity. This is supported by a strong work ethic, high levels of education, and a focus on innovation and quality in manufacturing and service industries. Additionally, Japan has established trade agreements with other countries to facilitate the exchange of goods and services globally.
Why is business important in the society?
The exchange of goods and services can benefit all. Consumers can obtain goods and services that can't grow, raise, manufacture themselves or do for themselves. Providers can make reasonable return and thing can be mutually good for all till these events happen: consumer becomes too dependent or non self-sufficient, advertising becomes as bad as Marx predicted, Government takes more than services provided or pass laws to aid few.
What goods and services have utility for people?
There are different goods and services that have utility for people. Some of them include food, health care services, transportation and so much more.
Why do consumers directly benefit from greater productivity?
Goods and services are produced faster and can be sold more cheaplyGoods and services are produced faster and can be sold more cheaply.It is easier to compare prices. Goods and services are produced faster and can be sold more cheaply.
What does a producer depend on a consumer for?
Producers make goods/services and depend on the consumer to buy them so they can make money and continue making more goods/services.
Does open economy do more harm than good?
It does more good because consumers are able to purchase more goods and services outside the production possibility boundary and producers can sell goods and services to other economies.
Which of the following is true about goods and services?
The answer is D. Assuming the options are: A. Goods are generally more expensive to the consumer. B. Goods and services are often sold by the consumer. C. Services are usually provided at a distance while goods are produced locally. D. Goods are physical while services are intangible.
What is expenditure switching policy?
An expenditure switching policy is any action taken by a government which is designed to persuade purchasers of goods and services both at home and abroad to purchase more of that country's goods and services and less of the goods and services produced by others.
Man-made goods used in the production of more goods and services are known as?
capital resources
In the book the affluent society john kenneth Galbraith argued that Americans should spend more on social services and less on?
military spending and consumer goods. Galbraith advocated for shifting resources towards social programs to address inequality and improve public welfare. He believed that prioritizing social services over military and consumer spending would lead to a more equitable and prosperous society.
What is the Cause of demand pull-inflation?
Consumers want more and more goods and services - APEX
Which of the following is the cause of deamd-pull inflation?
Consumers want more and more goods and services
