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The process of creating goods and services to satisfy human wants and needs?
production
The process of creating goods and services to satisfy human wants and needs is?
It is called production.
Why is productivity important to economists?
To satisfy the whole Economy's needs and wants with the use of scarce resources, and because Productivity applies to all factors of production.
People must make choices to satisfy their needs and wants?
Economic
What is the importance of capital in satisfying human needs and wants?
when you invest your capital, you create the products which will satisfy human needs and wants you can also be creating needs and wants.. but that's an other story
How does production help in satisfying needs and wants?
It provides products to satisfy your needs and wants.
The process of creating goods and services to satisfy human wants and needs?
production
The process of creating goods and services to satisfy human wants and needs is?
It is called production.
What is the aim of production?
satisfy people's wants
Why is productivity important to economists?
To satisfy the whole Economy's needs and wants with the use of scarce resources, and because Productivity applies to all factors of production.
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
The power of a good or service to satisfy a human need is called utility?
To satisfy human "wants" and not "needs"
People must make choices to satisfy their needs and wants?
Economic
What is the importance of capital in satisfying human needs and wants?
when you invest your capital, you create the products which will satisfy human needs and wants you can also be creating needs and wants.. but that's an other story
Economic products designed to satisfy peoples wants and needs?
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.
The use of goods and services to satisfy human wants and needs is known as what?
consumption
When consumers needs and wants are greater than the resources available to satisfy them?
Scarcity.
