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What is the role of productivity in a market economy?
amount of goods and services produced in a given amount of time
The amount of goods or services produced per input used?
productivity
Does the amount of goods and services produced set the pace for economic growth?
It is demand that sets the pace for economic growth. Without demand, all the produced goods and services would just sit around being bored. The amount of goods and services produced is a direct indication of demand if you want to look at it that way.
Which economic indicator is measured by comparing the amount of goods or services produced with the amount of input that was used in production?
productivity
The amount of goods and services produced from each hour of a worker's time is called?
productivity
What is the role of productivity in a market economy?
amount of goods and services produced in a given amount of time
The amount of goods or services produced per input used?
productivity
What is labor demand dependant upon?
the amount of goods and services produced
What and how much will be produced?
The quantity and type of goods or services to be produced depend on market demand, resources available, and production technology. The amount produced is determined by factors such as consumer preferences, production costs, and overall market conditions. Business firms typically aim to produce goods and services that satisfy consumer needs and wants while maximizing profitability.
Does the amount of goods and services produced set the pace for economic growth?
It is demand that sets the pace for economic growth. Without demand, all the produced goods and services would just sit around being bored. The amount of goods and services produced is a direct indication of demand if you want to look at it that way.
Which advancement in technology helped reduce the amount of solid waste produced?
electronic mail
Which economic indicator is measured by comparing the amount of goods or services produced with the amount of input that was used in production?
productivity
The amount of goods and services produced from each hour of a worker's time is called?
productivity
What is The amount of goods and services produced from each unit of labor input called?
Productivity
Which phase in the business cycle occurs when the GDP increases and the amount of and services produced increases?
Expansion
What is alaska's main goods?
Some of the goods and services of the state of Alaska include seafood's, port services and freight services. Alaska also exports are large amount of metal ores. Almost 100 countries around the world purchase goods and services from Alaska.
Why is scacity a problem that economists related to economy?
It means only a limited amount of items has been produced therefor limit of goods and services will be produced
