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What is a tool or machine that a company can use to produce goods and services?
capital goods
What is the use of resources and machinery to produce goods and services?
good
What is the definition of a capital good and how does it differ from other types of goods?
A capital good is a type of good that is used by businesses to produce other goods or services. It is typically a long-term investment in machinery, equipment, or infrastructure. Capital goods differ from consumer goods in that they are not directly consumed by individuals for personal use, but rather used in the production process to create other goods and services.
What do you call people who use resources to produce and sell goods and services?
merchants I am assuming
Which group of players in the game of economics both produce and use goods and services?
Workers...Apex Workers are the group of players in the game of economics that both produce and uses goods and services. This is also known as apex.
Do industrial businesses produce goods that other businesses use to make things?
yes
What is a tool or machine that a company can use to produce goods and services?
capital goods
What is the use of resources and machinery to produce goods and services?
good
Tool or machine that a company can use to produce goods and services?
Capital goods/ Capital resource.
What is the definition of a capital good and how does it differ from other types of goods?
A capital good is a type of good that is used by businesses to produce other goods or services. It is typically a long-term investment in machinery, equipment, or infrastructure. Capital goods differ from consumer goods in that they are not directly consumed by individuals for personal use, but rather used in the production process to create other goods and services.
What group of players in the game of economics both produce and use goods and services?
workers
What do you call people who use resources to produce and sell goods and services?
merchants I am assuming
Which group of players in the game of economics both produce and use goods and services?
Workers...Apex Workers are the group of players in the game of economics that both produce and uses goods and services. This is also known as apex.
What Distinguish between the resource market and the product market in the circular flow model?
businesses purchase what they use to produce goods and services. Resources are in the form of labor, natural resources, capital, and entrepreneurship, all of which are supplied by households.
The process of deciding the best way to use an organization's resources to produce goods and services is known as?
management
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.
What is the use of production by an individual a firm a region or a nation to produce one or a few goods and services?
Profit Motive
