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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 popular name for a free-market economy in which business people make most of the decisions about what products to produce how many workers to hire and what prices to charge for goods?
socialism
What do producers use to make goods and services?
goods
What is a product market?
Product market is the place where goods and services are created and sold by businesses. This does not include trading instead focuses on finished goods purchased by the public sector and foreign buyers.
How does trade affect production and consumption in each country?
Goods are produced to make money. If people want the goods and can afford them, they will purchase these goods and this will cause the producer to make more of these goods.
A place where workers make a product?
A factory :)
Why do sweatshops exsite?
Sweatshops are in place because it is much cheaper to make whatever goods are made there. Employees are paid much less than those who work in quality factories. The company benefits from cheaper workers and the consumer benefits from cheaper goods.
What do people call the skills of workers and the hours they work to make the product?
It takes labor to produce goods.
What is the place called that we make iron goods?
iron is "made" in a foundry. goods are made in factories
What kind of workers could make finished goods from farm products?
A baker would make finished goods from farm products.
How many companies make ophthalmic goods?
About 520 companies in the United States, including 23,766 employees and 17,031 production workers, were involved in manufacturing ophthalmic goods.
Why did the Europeans want a place to sell their manufactured goods?
to make money
What do workers in the personal leather goods industry make?
The estimated average hourly wage in the industry was $8.46 for a production worker in 2000
What do people employed by the ophthalmic goods industry make?
By 2001, the average hourly wage for production workers was $14.63, up from $13.40 in 2000.
Why did people invented machine?
To make work easier Like previously stated to make work easier, to cut down on time, and make production of goods less expensive.
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.
How do people goods and ideas move from one place to another?
Goods can be moved by transportation along with people. people have the right to walk, run, drive, boat, swim, fly on an airplane..etc. ideas can move by being shared from people or by someone making the idea happen. example: if i was to make facebook, my idea is being shared by making it.
