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Any place where consumers and producers buy and sell goods and services
Zechariah Mayert
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In economics what does the term market and refer to?
The system of exchanging goods. A+
What does the term demand refer to in economics?
The term demand in economics refers to the total amount of demand at all possible prices. Demand's definition is how much the consumers want a product.
In economics what does the term market refer to?
The system of exchanging goods. A+
What is the plural for economics?
Economics is a collective term. It is used in the singular.
The term micro economics and macro economics were coined by?
Ragner Frisch.
In economics what does the term market and refer to?
The system of exchanging goods. A+
What does the term demand refer to in economics?
The term demand in economics refers to the total amount of demand at all possible prices. Demand's definition is how much the consumers want a product.
What are the influences of economics to the lives of other people?
The global marketplace, or stock market.
In economics what does the term market refer to?
The system of exchanging goods. A+
What is the collective noun for at the marketplace?
The term 'at the marketplace' is a prepositional phrase(the noun 'marketplace' is the object of the preposition 'at'). Prepositional phrases do not have collective nouns.
What is the plural for economics?
Economics is a collective term. It is used in the singular.
To what does the term coed refer?
to what does the term coed refer
The term micro economics and macro economics were coined by?
Ragner Frisch.
What is an isquant in economics?
Is the term used in economics which means Indifferent curves.
What does the term 'allocative efficiency' refer to?
Allocative efficiency is the concept in economics where manufacturers and service providers only produce those goods and services which are in high demand and the most desirable to the consumer.
Who coined the term micro economics and macro economics?
not sure but i guess" J.M Keynes".
What may inflation be defined as?
In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.(In practice, the term monetary inflation is used to specifically refer to an increase in the money supply.)
