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what is a lack of goods and services called
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What are Goods or services bought with other goods or services called?
This is the barter system.
What is it called when you have money to buy goods or services?
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'.
When money is not used and goods and services are exchanged for other goods and services this system is called?
It's called TRADE BY BARTER.
Manufactured goods needed to produce other goods and services are called?
Capital Goods.
What is a system of allocating scarce goods and services using criteria other than price called?
A barter system, where people trade their goods and services for other goods or services as opposed to trading goods and services for money.
What is a business that produces goods or services called?
A business that produces goods or services is called an industry.
What are Goods or services bought with other goods or services called?
This is the barter system.
What is it called when you have money to buy goods or services?
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'.
When money is not used and goods and services are exchanged for other goods and services this system is called?
It's called TRADE BY BARTER.
Manufactured goods needed to produce other goods and services are called?
Capital Goods.
What is a system of allocating scarce goods and services using criteria other than price called?
A barter system, where people trade their goods and services for other goods or services as opposed to trading goods and services for money.
Goods prouduced for the pupose of making other goods and services are called?
The hiring of labor power only results in the production of goods or services.
disadvantage of planned economy?
Lack of incentives to work hard in planned economy Sometimes poor quality of goods and shortages Failure to meet set ideals or consumer needs. Lack of varieties of goods and services Consumers can choose only those goods or services which are produces and decided by the government
What term indicates the exchange of goods and services within a single country?
The exchange of goods and services within a single country is called domestic trade.
How do nations obtain goods and services for which they lack adequate resources?
by trading with other nations to get what they need.
What do you call the amount of goods or services available to us?
The amount of available goods or services is called supply.
A system for producing and distributing goods and services?
The system of producing goods and services is called an economy. This system uses humans to produce and sell the goods. When the people have no say in what will be produced or how, this is called a command economy.
