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production
It is called production.
To satisfy the whole Economy's needs and wants with the use of scarce resources, and because Productivity applies to all factors of production.
Economic
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
It provides products to satisfy your needs and wants.
production
It is called production.
satisfy people's wants
To satisfy the whole Economy's needs and wants with the use of scarce resources, and because Productivity applies to all factors of production.
maybe money can satisfy the consumers because they can buy what they want and their needs
To satisfy human "wants" and not "needs"
Economic
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 are consumer goods. The type of goods that are needed and wanted can vary depending on area and culture.
consumption
economics