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Over 80 of the goods and services purchased by US consumers each year are made in?
Rascal77
the united states
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∙ 15y ago
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How do egyptians transport their goods?
The Ancient Egyptians transported their goods by boat. They had the good fortune of having a river flowing north, to the Mediterranean Sea and its trade partners.
Money has three functions which is the weakest function of money?
There are four functions of money, # Medium of exchange: value for the use of factors of production, make transaction process easier. # Standard Unit of Account: Money is used as a numeric to determine the value of goods and services, i.e. cloth/meter, sugar/kg, oil/liter is not unique but the value of the goods and services can be express in units of dollars. # Store of value: value refers to the power that's able to satisfy the consumers by buying goods and services. Value can increase or decrease if interest rate is higher or lower than inflation. # Standard of deferred payment: Transaction can be take place over a period of time, it is necessary for a standard unit to pay such deferred payment. Ø Installment Ø On Credit Ø Down payment I am editing this part, because he did not answer your question, but the weakest is the third because it changes so often and erratically. Also most economics courses only cover the first three, since the fourth is merely a form of the first.
Historical development of money?
Over the centuries many different objects e.g. feathers, shells and precious metals have been used as currency in exchange for goods and services. There was a time when goods were exchanged for other desirable goods and this was called barter trade. Problems were encountered with this form of trade, as a farmer could not find one supplier of all goods and services he desired in exchange for his cow. When the barter trade collapsed it gave way to the use of precious metals as a form of exchange.Then this form of payment also experienced problems because the value of the gold compared to the goods and services had to be established. During this period only goldsmiths had safes.So the people in town would deposit their precious metals and valuables with them for safekeeping.For every deposit, a receipt would be issued. The receipts were promissory notes payable on demand and became a convenient means of payment. This was the origin of bank notes. The bank notes obtained their value for the gold they presented in the deposits.The Promissory notes were used as a form of payment.
What led to the decline of songhai empire?
Some people from Europe came over and took every thing that they had including women,goods and slaves
Soviet leader who promoted the growth of heavy industry over consumer goods after world war 2?
Joseph Stalin was the one who promoted the growth of heavy industry over consumer goods, and the way he did this was through his 5-year plans to over triple the production of heavy industry and make the USSR a world superpower.
Over 80 of the goods and services purchased by US consumers each are made in?
the united states
Over 80 percent of the goods and services purchased by us consumers each year are made in?
the united states
What refers to a measure of the average change over time in the prices paid by urban consumers for a market basket of goods and services?
Consumer Price Index (A+)
In a country where the government has some control over the economy and buisnesses also provice goods and services that consumers want how do you describe their economic system?
self sustained
Why is there such a wide variety of desired goods and services?
people have unlimited needs and wants, economics change over time, products are improved to satisfy consumers needs and wants because of the diversity of goods wanted this is why such a wide variety of goods is in the market.
Companies that sell goods to consumers over the Internet are engaging in?
iou transaction
How does the CPA help calculate inflation rate of a country?
We mean cpi and it helps calculate the inflation rate of the country by tracking the changes over time in the prices paid by consumers for a basket of goods and services
What market situations in an industry results in the lowest prices for consumers?
Over supply of the goods in question
What market situation in an industry result in the lowest prices for consumers?
Over supply of the goods in question
History of marketing in the Philippines?
The history of marketing in the Philippines dates back to the olden days when trade started. The marketing trends have changed over the years but the concept remains the same; to persuade consumers to buy goods or services.
What can cause shortages or surpluses of goods and services?
over production can lead to a surplus of goods and/or services, and shortages can occur when demand for a product exceeds the productions of said product
Is a worker's level of output in goods and services over a period of time.?
Productivity
