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How do people demand goods and services?
When economists refer to the demand for goods and services, what they mean is, what goods and services are people buying. People demand things by buying them. If you demand to have things given to your for free, that is politics rather than economics.
Economists refer to the process of making something as production?
NOVANET: true
What do economists call the things that firms sell that you cannot touched or seen?
Goods
What do economists call the physical things that firms make things that can be seen or touched?
Economists call the things that firms sell which cannot be touched or seen goods and services.
What different types of Economists are there?
There are several types of economists. A major distinction is typically between macroeconomists - economists focused on the economic performance of an entire country, and microeconomists - economists which focus in greater detail on the market for certain goods or services. In addition, several other branches of the subject such as behavioural economics (combining psychology with economics) exist and have economists specialising in these fields.
How do people demand goods and services?
When economists refer to the demand for goods and services, what they mean is, what goods and services are people buying. People demand things by buying them. If you demand to have things given to your for free, that is politics rather than economics.
Economists refer to the process of making something as production?
NOVANET: true
What do economists call the things that firms sell that you cannot touched or seen?
Goods
True or false Economists study the processes of the human mind?
False - economists are concerned with the production and consumption of goods and services and the analysis of the commercial activities of a society
What do economists call the physical thing's that firms make (things that can be seen or touched )?
Economists call the things that firms sell which cannot be touched or seen goods and services.
What do economists call the physical things that firms make ( things that can be seen or touched)?
Economists call the things that firms sell which cannot be touched or seen goods and services.
What do economists call the physical things that firms make things that can be seen or touched?
Economists call the things that firms sell which cannot be touched or seen goods and services.
When economists refer to investment they are describing a situation where?
resources are devoted to increasing future output.
What different types of Economists are there?
There are several types of economists. A major distinction is typically between macroeconomists - economists focused on the economic performance of an entire country, and microeconomists - economists which focus in greater detail on the market for certain goods or services. In addition, several other branches of the subject such as behavioural economics (combining psychology with economics) exist and have economists specialising in these fields.
Why do Economist use the term demand to refer to what?
Economists use the term demand to refer to a schedule of various combinations of market prices and amounts demanded.
Utility is the concept that economists use to measure the a person gets from the use or consumption of goods and services.?
satisfaction
When economists use dollars to count the total value of goods and services they are using money as a?
Measure Of Value
