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What is the difference between the revenue that a business gets for its goods and services and the cost of producing the goods and services?
Labor
What is a function of the government in a command economy?
Government planners decide which goods and services are produced and how they are distributed.The purpose of government in a command economy is to make major economic decisions. This is mainly aimed at protecting the consumers.
Utility is the concept that economists use to measure the a person gets from the use or consumption of goods and services.?
satisfaction
Which of the following is uded by economists to measure the satisfaction a person gets from the use or consumption of goods and services?
The concept of utility.
Who decides what goods and services are produced in the US to trade with other country?
The USA is a Free Market Economy.This means:That what gets sold is what is purchased.For export the company selling decides to sell to another country. They start by sending or hiring sales people in that country or pursuing other marketing strategies that amount to the same thing.In other words the buyers and sellers decide what gets exported.BUTThe US government has laws that restrict certain technologies and products (guns for example) getting sold to certain countries.
What is the difference between the revenue that a business gets for its goods and services and the cost of producing the goods and services?
Labor
What is a function of the government in a command economy?
Government planners decide which goods and services are produced and how they are distributed.The purpose of government in a command economy is to make major economic decisions. This is mainly aimed at protecting the consumers.
On socialism who gets the profits from goods sold and work preformed by business?
Socialism is a society with no profits and no buying and selling. Gods and services are produced to meet human need.
Utility is the concept that economists use to measure the a person gets from the use or consumption of goods and services.?
satisfaction
What is the process by which a society decides how power and resources will be distributed?
This is democracy and capitalism. They are both the controlling factors in who gets elected and where all of the resources will go.
Which of the following is uded by economists to measure the satisfaction a person gets from the use or consumption of goods and services?
The concept of utility.
Who decides if a soldier gets his job?
the employer.
Who decides what goods and services are produced in the US to trade with other country?
The USA is a Free Market Economy.This means:That what gets sold is what is purchased.For export the company selling decides to sell to another country. They start by sending or hiring sales people in that country or pursuing other marketing strategies that amount to the same thing.In other words the buyers and sellers decide what gets exported.BUTThe US government has laws that restrict certain technologies and products (guns for example) getting sold to certain countries.
What concept do economists use to measure the satisfaction a person gets from the use or consumption of goods and services?
The concept of utility is a measure of consumer satisfaction.
WHAT Economists Use The Concept Of To Measure The Satisfaction A Person Gets From The Use Or Consumption Of Goods And Services.?
The concept of utility is a measure of consumer satisfaction.
How leaders elected In a dictatorship?
The dictator decides who gets to do what.
What are three basic economic questions to consider?
The three basic economic questions to consider are: What to produce? This involves determining which goods and services to create based on resources and consumer demand. How to produce? This question focuses on the methods and processes to use in production, including technology and labor choices. Finally, who gets to consume the products? This addresses the distribution of goods and services among individuals and groups in society, influenced by factors like income, wealth, and social policies.
