0
Economic products designed to satisfy peoples wants and needs are consumer goods. The type of goods that are needed and wanted can vary depending on area and culture.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Economic products designed to satisfy people's wants and needs are called?
economic system
How does the consumer influence what goods and services will be produced?
The basic economic theory states that "When there is demand efforts will be made to satisfy this demand by virtue of supply." Now in an economic system the consumer dictates the demand and so the supply has to satisfy the demand.So the suppliers have to model their products and services which corresponds to demands of the consumers.
People must make choices to satisfy their needs and wants?
Economic
What are three basic economic activities?
Thee basic economic activities are; production- is any activity design to satisfy people's wants. consumption- is using up of goods and services to satisfy our wants. exchange- people can satisfy some of their wants by producing some goods and services themselves.
What are activities that satisfy peoples needs and wants?
the exchange of goods and services without the use of money is
Economic products designed to satisfy people's wants and needs are called?
economic system
What good and services will produce and how will the produce?
The basic economic theory states that "When there is demand efforts will be made to satisfy this demand by virtue of supply." Now in an economic system the consumer dictates the demand and so the supply has to satisfy the demand.So the suppliers have to model their products and services which corresponds to demands of the consumers.
How does the consumer influence what goods and services will be produced?
The basic economic theory states that "When there is demand efforts will be made to satisfy this demand by virtue of supply." Now in an economic system the consumer dictates the demand and so the supply has to satisfy the demand.So the suppliers have to model their products and services which corresponds to demands of the consumers.
How does tourist satisfy economic needs?
True the the income
Why is there somany styles of cars?
The manufacturers are trying to satisfy all peoples needs and desires
People must make choices to satisfy their needs and wants?
Economic
What are three basic economic activities?
Thee basic economic activities are; production- is any activity design to satisfy people's wants. consumption- is using up of goods and services to satisfy our wants. exchange- people can satisfy some of their wants by producing some goods and services themselves.
What are activities that satisfy peoples needs and wants?
the exchange of goods and services without the use of money is
What products and services that satisfy the needs and wants of target customer?
maybe money can satisfy the consumers because they can buy what they want and their needs
What is the key economic concept that serves as the basis for the study of economics is?
efficient use of limited productive resources to satisfy economic wants.
What is market offering?
Marketing Offer - some combination of products, services, information, or experiences offered to a market to satisfy a need or want.
What can the term of economic research produce?
Economic well-being is created in a production process, meaning all economic activities that aim directly or indirectly to satisfy human needs
