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What percent of the world's goods and services does the US produce?
Wiki User
∙ 10y ago
The US produces approximately 21.2% of the world's economic output.
Wiki User
∙ 10y ago
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What social science is described as people government and societies choose how to use scarce resources I produce items for consumption?
Economics is the social science that studies how individuals, governments, and societies make choices on how to allocate resources to produce goods and services for consumption. It deals with the production, distribution, and consumption of goods and services within a society.
What is the definition of producer in social studies?
In social studies, a producer is an individual or organization that creates goods or services to satisfy the demands of consumers in the market. Producers play a critical role in the economy by utilizing resources to produce goods and services for consumption or further production.
How does a Japanese society obtain more goods and services?
Japanese society obtains more goods and services through a combination of domestic production, imports from other countries, and technological advancements that increase efficiency and productivity. This is supported by a strong work ethic, high levels of education, and a focus on innovation and quality in manufacturing and service industries. Additionally, Japan has established trade agreements with other countries to facilitate the exchange of goods and services globally.
What is an economic system in which production of goods and services is determined by demand from consumers?
A market economy is an economic system in which the production of goods and services is determined by the demand from consumers. Prices are set by supply and demand in the market, and businesses respond to consumer preferences in order to maximize profit.
How much CO2 does one person produce in their lifetime?
On average, one person produces around 1,300 tons of CO2 over their lifetime through activities like driving, using electricity, and consuming goods and services that require energy. This carbon footprint can vary based on lifestyle choices and location.
What are the four basic questions of economy?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
What Three question every economy must answer?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?
Do you believe Grenada resources is utilizing to produce goods and services?
i think there goods and services are excellent!!
Who determines what goods to produce in the economy?
It is the demand and supply which determines the goods and services to produce in the economy.
What are the 3 basic economic questions?
The three basic economic questions are:What goods and services should be produced?How should the goods and services be produced?For whom should the goods and services be produced?
What is a purpose of a firm?
To produce goods and services
What is the purpose of the firm?
To produce goods and services
Manufactured goods needed to produce other goods and services are called?
Capital Goods.
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
What is a tool or machine that a company can use to produce goods and services?
capital goods
For whom do you produce goods and services?
That's easy, you produce them for customers.
