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What do producers use to make goods and services?
goods
Who provides the goods and services available to consumers?
Producers
The need to get goods from producers to consumers raises what basic questions?
How are goods and services distributed
What is the circular flow of economic activity?
[NovaNet] the movement of income from producers of goods and services to consumers, and back to producers. [Study Island] Consumer spending drives demand for goods and services.
What is markets in which firms sell their output of goods and services?
The product market is the market in which firms sell their output of goods and services.
What markets are markets where producers offer goods and services for sale?
the Fred marcket
Where do producers and consumers exchange goods and sercices?
Producers and consumers exchange goods and services in markets, which can be physical locations like stores and farmers' markets or virtual spaces like online marketplaces. These exchanges occur through trade, where producers offer their products or services in return for money or other goods from consumers. The interaction between supply and demand in these markets helps determine prices and availability.
What do producers use to make goods and services?
goods
Distinguish between product markets and factor market?
Product markets are where goods and services are bought and sold, involving transactions between consumers and producers. In contrast, factor markets are where factors of production—such as labor, capital, and land—are exchanged, typically involving businesses seeking resources to produce their goods and services. Essentially, product markets focus on end products, while factor markets concentrate on the inputs required for production.
Who provides the goods and services available to consumers?
Producers
Match the role with the actions taken by players in that role.?
consumer- Purchasing goods and services producers-Providing goods and services worker-Making goods and services
What basic questions are raised by the need to get goods from producers to consumers?
How are goods and services to be distributed?
The need to get goods from producers to consumers raises what basic questions?
How are goods and services distributed
In a resource market goods and services are sold mainly to?
producers
What is the circular flow of economic activity?
[NovaNet] the movement of income from producers of goods and services to consumers, and back to producers. [Study Island] Consumer spending drives demand for goods and services.
According to the circular flow model which of the following do producers provide to consumers?
wages APEX
What is markets in which firms sell their output of goods and services?
The product market is the market in which firms sell their output of goods and services.
