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pricte sector provides only those goods and services which help them to maximize profit.
what is a lack of goods and services called
Producers
goods are physical. services are something you do for someone.
That is the economic practice of "bartering". Trading goods or services you have for the goods or services someone else has.
pricte sector provides only those goods and services which help them to maximize profit.
what is a lack of goods and services called
consumer- Purchasing goods and services producers-Providing goods and services worker-Making goods and services
Industry
Producers
goods are physical. services are something you do for someone.
A business that produces goods or services is called an industry.
That is the economic practice of "bartering". Trading goods or services you have for the goods or services someone else has.
This is the barter system.
Industry
A customer
If you have money to buy goods and services you are said to be 'solvent'. When you have no money to by goods and services you are said to be 'insolvent'.