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What is the difference between cash and price?
Price is the amount consumers pay to acquire a good or service whereas cost is the amount used to produce a service or good. Cash is the money in your pocket.
What is the difference between producer surplus and consumer surplus?
Producer surplus is the difference between the amount producers receive for a good or service and the minimum amount they would be willing to accept, reflecting their benefit from selling at a higher price. In contrast, consumer surplus is the difference between what consumers are willing to pay for a good or service and what they actually pay, indicating their benefit from purchasing at a lower price. Together, these surpluses measure the overall economic welfare in a market.
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 us the difference between consumer surplus and producer surplus?
Consumer surplus is the difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit to consumers from purchasing at a lower price. Producer surplus, on the other hand, is the difference between what producers are willing to accept for a good or service and the price they actually receive, reflecting the benefit to producers from selling at a higher price. Together, these surpluses measure the overall economic welfare or benefits derived from market transactions.
What is the difference between a geographic monopoly and technological monopoly?
Geographic monopolies occur when there is only one company that offers a particular good or service in an area. Technological monopolies occur when the good or service the company provides is has legal protection in the form of a patent or copyright.
What is the difference between a good service and a service?
The biggest difference is a 'Good Service' is something and making a difference. A 'Service' by itself is just doing something for someone or for a cause. i.e - Military/war Good serivice - i.e - Community service, work at elderly homes.
What is the difference between a service and a good?
The biggest difference is a 'Good Service' is something and making a difference. A 'Service' by itself is just doing something for someone or for a cause. i.e - Military/war Good serivice - i.e - Community service, work at elderly homes.
What is the difference between good and excellent customer service?
Customer service is "Good" when the customer is "satisfied", and customer service is "Excellent" when the customer is "Delighted"
What is different between good service and excellent service?
It would be better to experience the difference and then appreciate the difference. Good service is adequate for its purpose, competent. Excellent service surpasses this, it reflects outstanding quality and superior merit
What is the Difference between customer loyalty and service loyalty?
•difference between service and delight
What is difference between good and efficient service?
Good service is service that meets or exceed the customer's expectations. Efficient service is provided in a timely, effective, and smooth fashion, without waste motion or material waste. Good service is usually efficient, but efficient service may not be good service.
Difference between expenditure on final goods and expenditure on intermediate goods?
The difference between intermediate goods and final goods is in their nature. Intermediate goods are finished goods which can be used to make other good like wool. The final goods are sold to consumers like a woolen coat.
What is the difference between cash and price?
Price is the amount consumers pay to acquire a good or service whereas cost is the amount used to produce a service or good. Cash is the money in your pocket.
What is the difference between good in and good at?
There is no difference between the phrases, "good in" or "good at". If a person is good in Mathematics, they are also good at Mathematics.
What is the difference between usability and utility?
usability is the quality of being able to provide good service. and utility is the state of being useful
What are difference between democratic governance and good governance?
difference between good governac and democracy
What is the difference between producer surplus and consumer surplus?
Producer surplus is the difference between the amount producers receive for a good or service and the minimum amount they would be willing to accept, reflecting their benefit from selling at a higher price. In contrast, consumer surplus is the difference between what consumers are willing to pay for a good or service and what they actually pay, indicating their benefit from purchasing at a lower price. Together, these surpluses measure the overall economic welfare in a market.
