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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.
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What is a country's system of producing distributing and consuming goods and services called?
Economy or "economic system"
What is the organized set of procedures that a nation follows in producing and distributing goods and services?
Economic System
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
What is an alternative system for distributing goods and services other than price?
barter system
A system for producing goods and services is called what?
ECONOMY! ;)
What is a country's system of producing distributing and consuming goods and services called?
Economy or "economic system"
What is the organized set of procedures that a nation follows in producing and distributing goods and services?
Economic System
System for producing good and services?
A system for producing goods and services is known as a production system. Goods are produced from raw materials, and services are activities performed.
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
What is an alternative system for distributing goods and services other than price?
barter system
A system for producing goods and services is called what?
ECONOMY! ;)
Consumerism?
Concentration on producing and distributing goods for a market which must constantly be enlarged
What is distributing goods and services in a fixed manner known as?
Rationing
What is the system of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy is call?
socialism
Which of the following is the best description of an economy?
An economy refers to the system of production, distribution, and consumption of goods and services in a region or country. It involves factors such as resources, market demand, government policies, and economic agents like consumers, businesses, and governments. The economy can be classified based on characteristics like market structure, level of development, and economic activities.
What is an organized set of procedures that a nation follows in producing and distributing good and services?
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.
How does price changes affect equilibrium?
By serving as a tool for distributing goods and services.
