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What else can I help you with?
Distinguish between actual and potential growth?
• Potential growth is the change in the ability of the economy to produce goods and services.•Actual growth is a rise in the quantity of goods and services produced
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
Who determines what goods to produce in the economy?
It is the demand and supply which determines the goods and services to produce in the economy.
What economy is where goods and services are traded?
In a Traditional economy goods and service are either by sharing or trading.
What Type of economy in which the government decides which goods and services will be available?
A command economy is one in which the government decides which goods and services will be available. There is officially no free market in a command economy.
Distinguish between actual and potential growth?
• Potential growth is the change in the ability of the economy to produce goods and services.•Actual growth is a rise in the quantity of goods and services produced
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
Who determines what goods to produce in the economy?
It is the demand and supply which determines the goods and services to produce in the economy.
What economy is where goods and services are traded?
In a Traditional economy goods and service are either by sharing or trading.
Why should you take actual bill for goods purchased?
no
What Type of economy in which the government decides which goods and services will be available?
A command economy is one in which the government decides which goods and services will be available. There is officially no free market in a command economy.
Who consumes the goods and services market economy?
You Do!
What economy accepts goods and services in exchange for commodities?
barter economy
What three questions define the economy of a society?
what goods and services should be produced? How should goods and services be produced? who should get and use the goods and services?
How should goods and services be produced in a market economy?
A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.
What is the difference between Shopping and Marketing?
Shopping involves the actual buying of goods and services. Marketing involves the actual promotion and advertising of goods and services.
