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Surplus goods refers to the profit made in an economy, these goods could be any number of things eg money, resources .... Surplus goods are the result of an efficient economy usually one that is a free market economy
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How do you trade surplus goods?
Hey use your brain if you have surplus goods then find someone who is willing to trade. Not exactly the smartest question you can ask.
When does a trade surplus occur?
When a country exports more goods then it imports
How does prosperity increase demand?
The more surplus money people have, the more money they have to buy goods - not just the staple goods, but more luxurious goods.
What is the difference between subsistance production and surplus production?
the main difference between surplus and subsistance production are:-subsistance production you only produce or generate enough goods or services for your coutry an with surplusproduction you have sufficient amount of goods for your country an for trading
A government-set price ceiling will lower equilibrium price and quantity in a market?
A surplus of goods occur
How did minoans create surplus?
The Minoans made their surplus of goods through trade.
How do you trade surplus goods?
Hey use your brain if you have surplus goods then find someone who is willing to trade. Not exactly the smartest question you can ask.
Is selling of surplus goods prohibited?
Certainly not.
Why did Senator Albert J Beveridge claim that the U.S. needed to expand trade into overseas markets?
to sell America's surplus of goods
Why did the Indus valley trade?
So that they could swap goods they had in surplus for goods they needed from elsewhere.
When does a trade surplus occur?
When a country exports more goods then it imports
How did ancient egyptians use surplus?
they would barter it for other goods
In ecominics What is the measure of welfare for producers of goods called?
producer surplus
How does prosperity increase demand?
The more surplus money people have, the more money they have to buy goods - not just the staple goods, but more luxurious goods.
What trading system did the Babylonia people use?
They exchanged their surplus for money or for goods.
How can scarity of goods improve trade between cultures?
Crops were needed as a surplus
What does surpuls mean?
Surplus means there is more goods available than in demand.
