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What the classification of goods?

goods maybe classified as free goods and economic goods. Free goods refer to those that could be obtained in unlimited quantities without cost. There are very few goods that may be called free. Included under these are sunshine,air and water,but even these goods are freely only in certain places. Water is free in the countryside,but it has to be paid for in the cities and big towns. The same thing is true with the air. it is supposed to be free but the air that we get from the electric fan or air conditioner is not free.Most of the goods we need are scarce have to be paid for.. These are called economic goods.


Anu ang kahulugan ng economic goods?

anu ang economic goods


Why classification of consumer products important?

It is important for marketers and businesses to know the classification of consumer products so they know who to market the products to. Classifications include specialty goods, convenience goods, and shopping goods.


Classification of Working Capital?

stocks and finished goods


What is the difference between economic and free goods?

The difference between free and economic goods is the fact that, free goods don't cost us anything to be able to have and economic goods cost us to be able to get that service or good.


What is the Occupational Classification for sporting and athletic goods?

Sic 3949 sporting and athletic goods, not elsewhere classified


Diffirenciate the economic goods to free goods?

Fresh air.


What is the consumer for the economic system?

Both buys goods for consumption and uses goods and services.


A barter is an economic system based on the?

exchange of goods for other goods.


What are the different economic and non economic costs of unemployment?

Economic costs is the decrease in goods and services that occurs as result of unemployment but non-economic cost is the increase in goods and services that occur as result of unemployment.


What was the ECPC?

The Economic Classification Policy Committee was called the ECPC


How did David potter see American capitalism economic beliefs and basic social goods?

As a combination of economic beliefs and basic social goods.

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