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What people are creating when they make resources for producing other goods and services?
Capital
Is concerned with all of the activities involved in creating goods and services and the distribution of those goods and services to customers?
Me
What are the three main economic resources used for makingsellin and using goods and services?
The three main economic resources used for making, selling, and using goods and services are land, labor, and capital. Land refers to natural resources and raw materials, labor encompasses the human effort and skills involved in production, and capital includes the tools, machinery, and financial resources required for creating and distributing goods and services. Together, these resources form the foundation of economic activity and contribute to the overall production process.
What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
Man-made goods used in the production of more goods and services are known as?
capital resources
What people are creating when they make resources for producing other goods and services?
Capital
Do you believe Grenada resources is utilizing to produce goods and services?
i think there goods and services are excellent!!
Is concerned with all of the activities involved in creating goods and services and the distribution of those goods and services to customers?
Me
What are the three main economic resources used for makingsellin and using goods and services?
The three main economic resources used for making, selling, and using goods and services are land, labor, and capital. Land refers to natural resources and raw materials, labor encompasses the human effort and skills involved in production, and capital includes the tools, machinery, and financial resources required for creating and distributing goods and services. Together, these resources form the foundation of economic activity and contribute to the overall production process.
What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
Which social scientist primarely studies how people change resources into goods and services?
An economist primarily studies how people change resources into goods and services.
Man-made goods used in the production of more goods and services are known as?
capital resources
Economics is about the allocation of resources for the production and distribution of goods?
Economics is about the allocation of resources for the production and distribution of goods and ___________.
The means through which goods and services?
Economic Resources
Why goods and services are scarce?
All resources are scarce.
Economics is about the production of goods and services which requires the allocation of what?
Resources
What is a free rider in economy?
A free rider is someone who uses and benefits from goods, resources or services but does not pay for them. This can result in under-provision or exhaustion of goods, resources or services.
