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Economic products designed to satisfy peoples wants and needs?
Economic products designed to satisfy peoples wants and needs are consumer goods. The type of goods that are needed and wanted can vary depending on area and culture.
What are three basic economic activities?
Thee basic economic activities are; production- is any activity design to satisfy people's wants. consumption- is using up of goods and services to satisfy our wants. exchange- people can satisfy some of their wants by producing some goods and services themselves.
Show how commercial activities assist the satisfaction of human wants?
The commercial activities like buying help people satisfy their human wants.
People must make choices to satisfy their needs and wants?
Economic
What is the importance of capital in satisfying human needs and wants?
when you invest your capital, you create the products which will satisfy human needs and wants you can also be creating needs and wants.. but that's an other story
Economic products designed to satisfy peoples wants and needs?
Economic products designed to satisfy peoples wants and needs are consumer goods. The type of goods that are needed and wanted can vary depending on area and culture.
How does production help in satisfying needs and wants?
It provides products to satisfy your needs and wants.
What do businesses do to satisfy peoples needs and wants?
Business seeks to satisfy the needs and wants of customers. Needs are things that we all need to survive: water Food shelter warmth Wants are everything else: A luxury Boat A New Car Air Travel Pets An expensive Watch Business does this by creating goods for sale - and providing them in a place where customers can buy them. Business also satisfies a customers needs by providing services such as hairdressers or cleaners.
What are three basic economic activities?
Thee basic economic activities are; production- is any activity design to satisfy people's wants. consumption- is using up of goods and services to satisfy our wants. exchange- people can satisfy some of their wants by producing some goods and services themselves.
What products and services that satisfy the needs and wants of target customer?
maybe money can satisfy the consumers because they can buy what they want and their needs
Show how commercial activities assist the satisfaction of human wants?
The commercial activities like buying help people satisfy their human wants.
The power of a good or service to satisfy a human need is called utility?
To satisfy human "wants" and not "needs"
People must make choices to satisfy their needs and wants?
Economic
What is the importance of capital in satisfying human needs and wants?
when you invest your capital, you create the products which will satisfy human needs and wants you can also be creating needs and wants.. but that's an other story
The use of goods and services to satisfy human wants and needs is known as what?
consumption
The process of creating goods and services to satisfy human wants and needs?
production
When consumers needs and wants are greater than the resources available to satisfy them?
Scarcity.
