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an example of an economic good is water
Or any product that is manufactured...
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∙ 14y ago
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How can free goods become economic goods?
Free goods are those which are obtained with out cost: example air, water in a lake (if you are in country), fruits (if you are in a field with trees). To obtain economic goods means to pay a cost and use labor force to obtain it
What is the difference between economic and free goods?
The difference between free and economic goods is the fact that, free goods don't cost us anything to be able to have and economic goods cost us to be able to get that service or good.
What is the consumer for the economic system?
Both buys goods for consumption and uses goods and services.
Diffirenciate the economic goods to free goods?
Fresh air.
Communism is an example of what type of economic system?
It is a form of a command economy. Communism is an economic theory which stresses that the control of the means of producing economic goods in a society should reside in the hands of those who invest their labor for production.
How can free goods become economic goods?
Free goods are those which are obtained with out cost: example air, water in a lake (if you are in country), fruits (if you are in a field with trees). To obtain economic goods means to pay a cost and use labor force to obtain it
Briefly discuss Economic Goods with the help of example?
To be an economic good an object must be: 1. material 2. useful 3. scarce 4. transferable for example shoes, pencils, mangoes, etc
Anu ang kahulugan ng economic goods?
anu ang economic goods
What is the difference between economic and free goods?
The difference between free and economic goods is the fact that, free goods don't cost us anything to be able to have and economic goods cost us to be able to get that service or good.
Diffirenciate the economic goods to free goods?
Fresh air.
What is the consumer for the economic system?
Both buys goods for consumption and uses goods and services.
Communism is an example of what type of economic system?
It is a form of a command economy. Communism is an economic theory which stresses that the control of the means of producing economic goods in a society should reside in the hands of those who invest their labor for production.
A barter is an economic system based on the?
exchange of goods for other goods.
What are the different economic and non economic costs of unemployment?
Economic costs is the decrease in goods and services that occurs as result of unemployment but non-economic cost is the increase in goods and services that occur as result of unemployment.
What is the economic term for the money that is received from the sale of goods and services?
Revenue is the economic term for the money that is received from the sale of goods and services.
What a the economic problems faced by the world?
The biggest economic problem is Scarcity. All over the globe, people have unlimited want and desires, but we have only LIMITED resources. Economics is about making decisions to fulfill these wants to our extent. For example, questions such as: What goods and services should an economy produce? How should we produce these goods and services? Who should get the goods and services we produce?
How did David potter see American capitalism economic beliefs and basic social goods?
As a combination of economic beliefs and basic social goods.
