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What is the economic term for the money that is received from the sale of goods and services?
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Answered 2014-12-03 17:59:26
Revenue is the economic term for the money that is received from the sale of goods and services.
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What is the exchange of goods and services without the use of money?
That is the economic practice of "bartering". Trading goods or services you have for the goods or services someone else has.
What are examples of economic systems?
Some examples of of economic systems are goods and services,money,and choices.
When markets and governments decide how wealth money and goods and services are distributes what basic economic question are they answering?
They are answering the question, "Who will receive the goods and services?"
What are the 2 basic natural resources that economic systems allocate?
Money, goods & services
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'.
How do you place a value on money?
By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it.
What were the Economic benefits of the triangle trade?
The shippers, buyers, and sellers all made money on the goods and slaves they sold and received.
What are deferred items?
Deferred items are those where money has either been paid out in advance of goods being received/work being done, or where money has been received in advance goods being sold/work being done. If the money has been paid out before receiving the goods or services, this is known as a deferral of expense. If the money has been received before it is earned, this is known as a deferral of revenue.
For whom are goods and services produced in a market economy-?
Goods and services are produced for those who both have the money and are willing to spend it for the goods and services they want.
Should economic growth be sacrificed if necessary in order to reduce poverty?
No. Economic growth is the best way to reduce poverty. Economic growth creates jobs. Economic growth should not be sacrificed, it should merely be more inclusive. More people should experience the benefits of it. Economic growth is a good thing. When economic growth slows or stops, people start worrying about themselves and stop worrying about others. When economic growth is good and people have jobs and money, they are more interested in helping others. When corporations make money, they expand and hire more people. Then those people have money to purchase goods and services. The companies who sell those goods and services hire people to produce those goods and provide those services.
Why does the world have money?
The world has money to exchange for goods or services.
Does a person always need money to obtain goods or services?
I think it a person does need money to obtain goods and services bcause you cant get anywhere without money
What is an economic system that does not use money for trade?
Here are two: In the "barter system, one trades goods or services for goods or services in lieu of money exchanges. Another non-monetary system is a Resource Based Economy. Originated by Jacque Fresco, it is a whole factor socio-economic system in which all goods and services are available without the use of money, credits, barter or any other system of debt or servitude. All resources become the common heritage of all of the inhabitants, not just a select few.
What do Norway trade to get money?
Goods and services.
What replaced the barter system?
Most commerce now depends upon the exchange of money for goods and services, rather than the exchange of goods and services for other goods and services.
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.
Why money is important in life?
we use money to exchange for goods and services! before that we would barter and exchange goods and services - the main difference between the two is that with money i can swap my apples that would rot for money that doesn't and save that money for later ( when my apples would have rotted) and exchange my money for other (food) goods or services! it's a no perishable way of saving and accumulating wealth against other goods or services!
How are goods and services defined?
goods and services are define as the commodity that are sale for exchange of money to make life easy.
What reforms did the populist party make?
The economic reforms proposed by the populist included an increase in the money supply, which would produce a rise in prices received for goods and services; a graduated income tax; and a federal loan program.
Self-interest helps achieve society's economic goals because of what?
Self interest helps achieve society's economic goals because people have a desire to purchase services and goods. In order to do this they must generate an income, meaning they have to work. This money is then funneled back into the economy when they purchase these goods and services.
How does money work and how do you get it if don't have a job?
Money can be exchanged for goods or services.
What is proper utilization of money?
Money is used to purchase goods and services.
What is the difference between money and fiat money?
Money is any object excepted in exchange for goods and services. The object used in place of goods and services, to purchase goods and services.Fiat money is government authorized currency based on governmental placed value.
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