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The degree of consumption of particular goods depends upon what?
Wiki User
∙ 14y ago
the scarcity of the item:novanet
Wiki User
∙ 14y ago
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Does the The strength of the economy depends on the balance of production and consumption of goods and services?
true
Difference between public goods and private goods?
Public goods are non-excludable and non-rival in consumption whereas Private goods are excludable and rival in consumption.
Which person studies the production distribution and consumption of goods and services?
An Economist studies the production distribution and consumption of goods and services
Goods are rival in consumption if?
Consumption of a good by one person decreases consumption by another person.
Goods that are rival in consumption and excludable would be considered?
Private Goods
Does the The strength of the economy depends on the balance of production and consumption of goods and services?
true
What is a word with ectonomy?
A word that contains "ectonomy" could be "economy," which refers to the system of production, distribution, and consumption of goods and services in a particular area.
Difference between public goods and private goods?
Public goods are non-excludable and non-rival in consumption whereas Private goods are excludable and rival in consumption.
Which person studies the production distribution and consumption of goods and services?
An Economist studies the production distribution and consumption of goods and services
Which person studies the production .distribution and consumption of goods and services?
An Economist studies the production distribution and consumption of goods and services
Goods are rival in consumption if?
Consumption of a good by one person decreases consumption by another person.
What will shift the consumption level upward?
Factors such as an increase in disposable income, a decrease in the price of goods and services, changes in consumer preferences towards a particular product, or an increase in consumer confidence can shift the consumption level upward.
Goods that are rival in consumption and excludable would be considered?
Private Goods
What is Total consumption spending comprised of?
Total consumption spending is comprised of durable goods, non-durable goods, and services. Total consumption spending is a major economic factor in the US economy.
What is consumption expenditure?
the expenditure by households on consumption goods and services. eg, housing fees and transpotation.
What does the flow of goods make possible for the consumer?
Consumption
People consume particular goods or use particular services because the goods or services have?
utility
