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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.
Due to there capabilities by there natural resources and labor.
Because countries have different natural, human, and capital resources and different ways of combining these resources, they are not equally efficient at producing the goods and services that their residents demand. The decision to produce any good or service has an opportunity cost, which is the amount of another good or service that might otherwise have been produced. Given a choice of producing one good or another, it is more efficient to produce the good with the lower opportunity cost, using the increased production of that good to trade for the good with the higher opportunity cost.
How people produce (make money) and consume (spend money).
The trade agreements are the procedures a nation follows. They work amongst states and countries. It tells you how things get done and how they produce goods and services.
exxhibit
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.
There are several countries that produce oil. Some of the oil producing countries are America, Saudi Arabia, Mexico, Canada, and Nigeria.
They benefit by using the money they earn to buy goods and services they cannot produce as efficiently.
The top salt-producing countries are the US, Britain, Russia, Germany, France, India and China.
Ferns produce spores. They do not produce seeds.
China produces 28% of the world's tea Germany
Some countries that produce oil include Saudi Arabia, the United States, Russia, China, and Canada. These countries are known for their significant oil reserves and production capabilities.
Due to there capabilities by there natural resources and labor.
some countries can not afford to desalinized water
China is the biggest coal producing country. But the USA also has the most Deposits and reserves!