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What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
What is the difference between the revenue that a business gets for its goods and services and the cost of producing the goods and services?
Labor
A system for producing goods and services is called what?
ECONOMY! ;)
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 activity that produces goods or services?
goods producing industries are agriculture, mining, manufacturing and construction; tertiary industry creates services
System for producing good and services?
A system for producing goods and services is known as a production system. Goods are produced from raw materials, and services are activities performed.
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
What is the difference between the revenue that a business gets for its goods and services and the cost of producing the goods and services?
Labor
A system for producing goods and services is called what?
ECONOMY! ;)
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 activity that produces goods or services?
goods producing industries are agriculture, mining, manufacturing and construction; tertiary industry creates services
An economy that is producing the maximum amount of goods and services is considered?
efficient
Human effort directed toward producing goods and services?
labor
When is an economy producing efficiently?
getting the most goods and services from the available resources
What people are creating when they make resources for producing other goods and services?
Capital
What is an organizations overall approach for physically producing goods and services?
process strategy
Which of the following is the best description of an economy?
An economy refers to the system of production, distribution, and consumption of goods and services in a region or country. It involves factors such as resources, market demand, government policies, and economic agents like consumers, businesses, and governments. The economy can be classified based on characteristics like market structure, level of development, and economic activities.
