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What is the function of an economic system?
to produce and distribute goods and services
What is function of an economic system?
to produce and distribute goods and services
Economics is about allocating resources to produce and distribute which of the following?
Goods and services
People who buy goods and services are called?
Consumers
What is a lack of goods or services called?
what is a lack of goods and services called
How a group of people produce distribute and consume goods and accumulate money is called its what?
trade
What is the function of an economic system?
to produce and distribute goods and services
What is function of an economic system?
to produce and distribute goods and services
What is industrial market?
industrial market this are the organizations (business or nonbusiness) that require goods and services which are used in the production of goods or services thay they later sell or distribute at a profit or to satisfy an objective. industrial market this are the organizations (business or nonbusiness) that require goods and services which are used in the production of goods or services thay they later sell or distribute at a profit or to satisfy an objective.
Economics is about allocating resources to produce and distribute which of the following?
Goods and services
People who buy goods and services are called?
Consumers
What is a lack of goods or services called?
what is a lack of goods and services called
What is a system of allocating scarce goods and services using criteria other than price called?
A barter system, where people trade their goods and services for other goods or services as opposed to trading goods and services for money.
What is a nation's plan for making decisions on what and how to produce and how to distribute goods and services?
their economic system
A system for producing and distributing goods and services?
The system of producing goods and services is called an economy. This system uses humans to produce and sell the goods. When the people have no say in what will be produced or how, this is called a command economy.
What is a business that produces goods or services called?
A business that produces goods or services is called an industry.
What Economics is about allocating resources to produce and distribute?
Economics is about the allocation of resources for the production and distribution of goods and _services_
