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It's an economy

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Related Questions

What is a system people use to produce good and services?

It's an economy


What economic term used for the skills and the hours worked by the people who make a good or produce a service?

A market.


Does Monsters Inc produce a good or service?

It was service electricity that they got from kids screams


What is the process used to produce a good or service?

gross domestic product


When a government pays a company to produce a good or service this is called a?

Subsidy


What was the civil service commission?

A commission set up in 1883 to administer examinations and supervise the operation of the civil service system. This was created from the Pendleton Act, which was passed in 1883 by Congress.


What is anything used to produce a good or service that will satisfy wants and desires?

resources


What factors does a householder consider when decide to produce a good or service at home or buy it in the marketplace?

A household considers the cost of buying the good or service, and the cost of producing it at home. It also considers the amount of time needed to produce it at home.


What is important a good product or friendly fast service?

Friendly fast service. Why, because if you have a good priduct but not a good service, why would people buy it? Whereas if you have a not so good product but an absolutley fast and friendly service, then people might be tempted to but it!


When the price of a good or service changes what happens?

When the price of a good or a service changes, people will generally buy that good or service in plenty. People generally love getting real value for their money.


What economic question is answered the term target market?

For whom to produce a good or service.


What factors does a householder consider when deciding whether to produce a good or service at home or buy it in the marketplace?

A household considers the cost of buying the good or service, and the cost of producing it at home. It also considers the amount of time needed to produce it at home.