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People use currency to provide goods and services by spending and buying
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∙ 6y ago
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People desire more currency because it?
is accepted as payment for goods and services.
What is profit seeking organisation?
are the group of people provide goods and services in exchange of money or to get profit
What did the ancient Chinese people use to buy and sell goods and services -?
Ancient Chinese people used a barter system for buying and selling goods. Some of the people used items such as bricks of tea as currency.
What are the characteristics of services compared with goods?
Goods are a tangible item where services are not tangible that provide a value to a consumer.
When the value of a country's currency goes up compared to another country's currency that is considered a?
First of all - your punctuation. You need a comma after the second "currency" so as not to confuse whether 'value' or 'currency' is the point - "When the value of a country's currency goes up compared to another country's currency, that is considered a...?" Bad thing, as the cost of goods and services of 'Currency A' go up when compared to 'Currency B.' People will want things priced in Currency B, perceiving them cheaper than Currency A goods and services.
People desire more currency because it?
is accepted as payment for goods and services.
In the circular flow of goods and services what does the government use money payment to provide?
Goods and services
What is profit seeking organisation?
are the group of people provide goods and services in exchange of money or to get profit
People who use resources to make goods andor provide services are called?
entreprenuer
What was ancient greek currency used for?
Same things modern currency is used for. Exchange of goods and services.
What did the ancient Chinese people use to buy and sell goods and services -?
Ancient Chinese people used a barter system for buying and selling goods. Some of the people used items such as bricks of tea as currency.
What are the characteristics of services compared with goods?
Goods are a tangible item where services are not tangible that provide a value to a consumer.
What is meant by the term provide a services?
goods
What is the opposite of bartering?
CURRENCY TRANSACTIONS and PERSONAL AUTARKY are the opposites of bartering.Bartering is the exchange of goods or services for other goods or services, without money. E.g. I will cut your hair if you give me two books. Currency transactions are the exchanges of goods and services for money. Personal Autarky is refraining from any and all transactions with other people, providing yourself with everything you need by your own two hands.
When the value of a country's currency goes up compared to another country's currency that is considered a?
First of all - your punctuation. You need a comma after the second "currency" so as not to confuse whether 'value' or 'currency' is the point - "When the value of a country's currency goes up compared to another country's currency, that is considered a...?" Bad thing, as the cost of goods and services of 'Currency A' go up when compared to 'Currency B.' People will want things priced in Currency B, perceiving them cheaper than Currency A goods and services.
Do countries still use barter system?
No. Barter System was one of the ancient ways of exchange of goods and services. Nowadays cash and currency has replaced the barter system. People usually pay for goods and services in money.
What is the definintion of economy?
Is the way that business owners use resources to provide the goods and services that people want.
