0
What else can I help you with?
How is an economist defined?
An economist is a scientist specializing in the field of economics, which is the social science that studies human activity directed toward the production, distribution, and consumption of goods and services.
What is the term that refers to a specific group of consumers toward which a company aims its products and services?
target market
Which of these is the term that refers to a specific group of consumers toward which a company aims its products and services?
target market
How does the fores of demand and supply determine what is to be produced in an economy?
The forces of demand and supply determine what is produced in an economy through their interaction in the marketplace. When demand for a product increases, prices typically rise, signaling producers to allocate more resources toward its production. Conversely, if supply exceeds demand, prices fall, prompting producers to reduce output or shift to more in-demand goods. This dynamic ensures that resources are directed toward goods and services that consumers value most, optimizing overall economic efficiency.
Explain how the price mechanism determines what is to be produced in the market economy?
In a market economy, the price mechanism signals to producers what goods and services are in demand by reflecting consumers' willingness to pay. When demand for a product increases, prices rise, incentivizing producers to allocate more resources to its production. Conversely, if demand decreases, prices fall, prompting producers to reduce output or shift to more profitable alternatives. This dynamic helps ensure that resources are directed toward the production of goods and services that meet consumer needs and preferences.
what does a objective noun or verb mean?
something toward which effort is directed
What joint warfare fundamental demands that all undertakings be directed toward achievement of common aims?
Unity of Effort
What are the 3 enconomic resources?
Human, Capital and Natural resources.Human resources - The quantity and quality of human effort directed toward producing goods and services (also called labour).Capital resources - Goods made by people and used to produce other goods and services. Examples include buildings, equipment and machinery.Natural resources - "Gifts of nature" that are used to produce goods and services. They include land, trees, fish, petroleum and mineral deposits, the fertility of soil, climatic conditions for growing crops, and so on.
How is economically defined?
Economics is the social science that investigates human activity directed toward the production, distribution, and consumption of goods and services.
Was Sparta or Athens more attractive toward money?
I think that Athens was more directed toward money than Sparta, because they wern't directed toward war and were more about enjoying life than war.
What does 'centripetal' mean?
This word means 'directed toward the center'.
How do you use simpered in a sentence?
He simpered when the compliment was directed toward him.
What was the concerted effort by whites toward slaves in 1830?
To Christianize them.
How is an economist defined?
An economist is a scientist specializing in the field of economics, which is the social science that studies human activity directed toward the production, distribution, and consumption of goods and services.
What service would be located toward the pure services end of the goods and services continuum?
Products that are primarily services but rely on physical equipment, such as taxis, are located toward the pure services end.
What was the main message of Doctrine and toward whom was it directed?
The main message of the Monroe doctrine was that European powers could no longer interfere with the newly independent states of the Americas (it was produced in 1823). It was directed toward all European nation.
The idea that everything is directed toward a definite end and a final purpose is called?
talic
