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for customers
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∙ 13y ago
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For whom do you produce goods and services?
That's easy, you produce them for customers.
What are the 3 basic economic questions?
The three basic economic questions are:What goods and services should be produced?How should the goods and services be produced?For whom should the goods and services be produced?
For whom are goods and services produced in a market economy?
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
What are the three central economic problem?
(i) Which goods should be produced and in how much quantity? (scarcity) (ii) What technique should be adopted for production? (efficiency, PPC) (iii) For whom goods should be produced? (allocation of goods)
How does Mexico answer the three economic questions?
What goods and services should be produced - export goods, as Mexico has an export-oriented economy. How should the goods and services be produced - Using foreign investment whenever possible; for internal consumption internal investment can be used. For whom should the goods and services be produced - international markets.
What are Five problems all economic systems face?
Which goods should be produced? How will the goods be produced? For whom will the goods be produced? How much goods should be produced? At what rate will the goods depreciate? A+
What are the five problems all economic system face?
Which goods should be produced? How will the goods be produced? For whom will the goods be produced? How much goods should be produced? At what rate will the goods depreciate? A+
For whom do you produce goods and services?
That's easy, you produce them for customers.
What are the 3 basic economic questions?
The three basic economic questions are:What goods and services should be produced?How should the goods and services be produced?For whom should the goods and services be produced?
For whom are goods and services produced in a market economy?
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
What are the three economic systems?
1. What goods and services should be produced? (goverment,producer, consumer) 2. How should these goods and services be produced? (goverment, producer, consumer) 3. For whom should the goods and services be produced?(goverment, producer, consumer)
What are the three central economic problem?
(i) Which goods should be produced and in how much quantity? (scarcity) (ii) What technique should be adopted for production? (efficiency, PPC) (iii) For whom goods should be produced? (allocation of goods)
How does Mexico answer the three economic questions?
What goods and services should be produced - export goods, as Mexico has an export-oriented economy. How should the goods and services be produced - Using foreign investment whenever possible; for internal consumption internal investment can be used. For whom should the goods and services be produced - international markets.
What basic economic questions are answered by he market?
One basic question is for whom goods and services are produced.
What are the three coordination problems any economic system must solve?
What, How and for whom goods and services should be produced.
Whom shall these goods and services be produced?
This is determined by the distribution of income in the society.
