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comparative advantage :)
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∙ 11y ago
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What does export and inport mean?
Export - selling goods out of the country/region (for example a country produces metal structures and sells them to the neighboring country) Import - purchasing goods in (for example a country needs to purchase grain because their own produce does not cover the needs)
What happens when the country produces less fossil fuels than it needs?
the country produces less fossil fuel so it has to import from other Countries.
What is it called when a country brings in goods it needs from another country?
It means you end up with international trade, International aid and international security treaty's,
What is the word that means The way that a country or culture produces and distributes goods and services while trying to meets its citizens needs?
Here are a few suggestions: Self-sufficing, self-sufficient, self-reliant, self-sustaining
Why might a country import goods they can produce themselves?
because the other country cant make everything to support its people and because its more harder,expensive or impossible to make in their country. Countries imports goods and services if they do not have them yet are need of them. For example, a country that does not produce oil may have to import from one that produces in order to keep the economy working.
The process of creating goods and services to satisfy human wants and needs is?
It is called production.
What is exporting goods?
To export goods is to sail goods such as weapons, silver, or other needs away to another counrty and then to get something back for exporting that good. When goods are given back to you then that is called importing.
To what does the term domestic goods refer?
The term "domestic goods" refers to products or goods that are produced within a specific country and are intended for consumption or use within that country. These goods are typically not meant for export but are instead produced to meet the needs and demands of the domestic market. My Recommendation 𝐡𝐭𝐭𝐩𝐬://𝐰𝐰𝐰.𝐝𝐢𝐠𝐢𝐬𝐭𝐨𝐫𝐞𝟐𝟒.𝐜𝐨𝐦/
What produces most of the energy that the cell needs to carry out it's functions?
the storage area of a cell is called
What are Wants called?
Wants are often described as goods, ideas, and services that fulfill the needs of an individual consumer
Why do you need goods?
we need goods to satisfy our needs
What would be considered a country if it can produce all of the goods it needs?
Being self-sufficient is not part of any reasonable definition of "country". Basically, you're a country if enough other countries say you are.
