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What is the value of all final goods and services produced in a particular economy called?
Gross Domestic Product
(GDP)
What else can I help you with?
What is the total value of all final goods and services produced in a particular economy called?
Gross Domestic Product (GDP)
What Activities related to the production and distribution of goods and services in a particular geographic region.?
This is called an economy.
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.
What is the value of the goods and services produced by an economy is called?
Gross National Product (GNP) is a measure of a country's economic performance.
How are the three key economics questions answered?
It depends on the nation in which one lives. For example, in the United States, these questions are answered primarily by business owners, workers, and other individuals involved in the economy. This is called Market Economy. On the other hand, in North Korea, the government answers the questions of how, what, and for whom goods and services will be produced. This is called Planned Economy.
A system for producing goods and services is called what?
ECONOMY! ;)
What is it called when you like a particular product and you recommend it to a friend?
affecting the economy
What is the total of goods produced in the year called?
Gross National Product (GNP) or Gross Domestic Product (GDP). Both basically try to evaluate and measure the value in the market of all goods and services produced for final sale in an economy.
The difference between a command economy and a demand economy?
A command economy is a private business that the government does not support. It is purely driven by consumers. They decide on what is produced. A demand economy is a business where only the government decides what is produced. There is also something called a mixed economy and that is when the government supports private businesses and decides what is produced for them.
When prices and the quantity of goods produced are controlled by the government as in Cuba it's called a?
command economy
An economy in which the buyers and sellers determaine what goods are produced is called?
A Free Market is where buyers and sellers determine what goods or produced.
The ways in which people make distribute and use their goods and services is called the?
Economy
