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What goods and services do a healthy biosphere provide to us?
A healthy biosphere provides us with clean air to breathe, fresh water to drink, fertile soil for agriculture, and natural resources for various industries. It also supports biodiversity, which helps maintain ecosystem resilience and stability. Additionally, the biosphere offers recreational and aesthetic value, contributing to our overall well-being.
What type of social scientist primarily studies how people change resources into goods and services?
An economist primarily studies how people change resources into goods and services. Economists examine the production, distribution, and consumption of goods and services within an economy to understand factors such as supply and demand, pricing, and resource allocation.
How commercial activities assists the satisfaction of human wants?
The commercial activities like buying help people satisfy their human wants.
What is an example of a labor resource?
An example of a labor resource is a group of employees working in a company to produce goods or provide services. Labor resources include workers who contribute their skills, knowledge, and efforts to help organizations achieve their goals.
What natural resources that are used to make goods and services are considered?
Natural resources that are used to make goods and services and are considered finite include minerals (such as copper, iron, and coal), petroleum (oil and gas), and forest products (such as wood and paper). Other resources like water, air, and sunlight are considered renewable but can also be depleted if not managed sustainably.
What goods and services does a healthy biosphere provides us?
it helps the earth be safe from gases
What goods and services do a healthy biosphere provide to us?
A healthy biosphere provides us with clean air to breathe, fresh water to drink, fertile soil for agriculture, and natural resources for various industries. It also supports biodiversity, which helps maintain ecosystem resilience and stability. Additionally, the biosphere offers recreational and aesthetic value, contributing to our overall well-being.
How do people use currency to provide for goods and services?
People use currency to provide goods and services by spending and buying
In the circular flow of goods and services what does the government use money payment to provide?
Goods and services
What are the characteristics of services compared with goods?
Goods are a tangible item where services are not tangible that provide a value to a consumer.
What is meant by the term provide a services?
goods
What is the difference between manufacturing and services?
Manufacturing produces goods. Services provide services.
What are the objectives of public sector?
1.Ensure the essential goods and services are available for everyone equally; 2.Provide the goods and services that are too important for the security of the country; 3.Provide goods and services that cannot be provided by the private sector.
What do businesses provide for the outside parties?
Goods and services
What types of goods and services do Chester zoo provide?
They provide the service to see animals and sell goods in the shop in chester Zoo.
In the circular flow of goods and services what does the government use money payments to provide?
Goods and services
When might it be desirable for a government to act as producer of goods and services with regards to economics?
Discussion of areas of market failure. This will be expressed in general terms - syllabus mentions the government as a producer of goods and services but does not deal with public and merit goods.
