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China produces almost all toys used in the US. they are considered the "world's factory" for that reason-reduced costs.
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∙ 13y ago
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Did China produce goods?
Yes, China did produce goods.
What are the four basic questions of economy?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
What is foreign demand?
It is the foreign demand for domestic goods and services.
What Three question every economy must answer?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?
Do you believe Grenada resources is utilizing to produce goods and services?
i think there goods and services are excellent!!
Who determines what goods to produce in the economy?
It is the demand and supply which determines the goods and services to produce in the economy.
What are the 3 basic economic questions?
The three basic economic questions are:What goods and services should be produced?How should the goods and services be produced?For whom should the goods and services be produced?
What is the purpose of the firm?
To produce goods and services
What is a purpose of a firm?
To produce goods and services
Manufactured goods needed to produce other goods and services are called?
Capital Goods.
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
