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What else can I help you with?
In the actual economy goods and services are purchased by?
households and the government but not the firms.
Why must firms make decisions about which goods they will produce?
because firms have access to limited resources of land, labor, and capital
Which product includes goods and services produced by and purchased from foreign firms?
Gross National Product
In a free market economy the factor market involves which type of exchange?
a. the goods and services that households produce are purchased by firms.b. firms purchase factors of production from householdsc. Households purchase factors of production from firmsd. firms loan money to households to purchase capital
What is the difference between capital goods and consumer goods?
Capital goods are items used to produce other goods or services, such as machinery or equipment, while consumer goods are products purchased by individuals for personal use, like clothing or electronics.
In the actual economy goods and services are purchased by?
households and the government but not the firms.
Why must firms make decisions about which goods they will produce?
because firms have access to limited resources of land, labor, and capital
What are some capital goods?
these are good s that are purchased with money
Which product includes goods and services produced by and purchased from foreign firms?
Gross National Product
In a free market economy the factor market involves which type of exchange?
a. the goods and services that households produce are purchased by firms.b. firms purchase factors of production from householdsc. Households purchase factors of production from firmsd. firms loan money to households to purchase capital
What is the difference between capital goods and consumer goods?
Capital goods are items used to produce other goods or services, such as machinery or equipment, while consumer goods are products purchased by individuals for personal use, like clothing or electronics.
What do you mean by goods?
These Goods are purchased for the manufacturing of further goods. It may include all raw materials, capital goods, plant & machinery , and all the goods used to produce finished goods.....
What do you mean by industrial goods?
These Goods are purchased for the manufacturing of further goods. It may include all raw materials, capital goods, plant & machinery , and all the goods used to produce finished goods.....
Where do firms purchase inputs for production from households in?
Firms purchase inputs for production from households in the factor market. In this market, households provide factors of production, such as labor, land, and capital, in exchange for wages, rent, and profits. This exchange facilitates the production process, allowing firms to create goods and services. Households, in turn, use the income earned to purchase finished products from firms in the goods market.
What are the rules of households and firms in a market economy?
In a market economy, firms make the goods. Households buy the goods.
What are the roles of households and firms in the market economy?
in a market economy, firms make the goods. Households buy the goods
What are the roles of household and firms a market economy?
in a market economy, firms make the goods. Households buy the goods
