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The price of a product is the amount of money exchanged for the good what determines the price of these goods?
Wiki User
∙ 9y ago
The price of any product is determined by the laws of demand and supply.
Wiki User
∙ 9y ago
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What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
What determines the amount of income a household will earn in the resource market?
the amount of income a household will earn in the resource market determined by how many productive resources firms need to produce their products, and determined by the quality of goods and services the household has expenditured on in the product market.
What determines what goods and services are produced?
Consumers determines what goods and services are produced.
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 is produced and exchanged in the real sector?
Goods and Services
How did people exchange in ancient communities?
They either exchanged goods of equal value, or exchanged goods, slaves etc for an agreed amount of cash.
What determines the prices of goods and services in the product market?
Supply and demand. Supply and demand determines the prices of goods and services in the market.
What is a physical object that can be exchanged?
Goods are physical objects that can be exchanged.
What goods are exchanged for salt?
they exchanged european wares for salt
What goods were exchanged along this route?
the goods were silk and cotton
What determines the amount of income a household will earn in the resource market?
the amount of income a household will earn in the resource market determined by how many productive resources firms need to produce their products, and determined by the quality of goods and services the household has expenditured on in the product market.
What determines what goods and services are produced?
Consumers determines what goods and services are produced.
What goods were exchanged along this silk route?
the goods were silk and cotton
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 is exchanged for money in the circular flow?
goods and services
What is produced and exchanged in the real sector?
Goods and Services
What goods were exchanged in Kumbi?
all the things needed
