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Goods and services are created through a combination of resources, labor, and technology. Businesses use raw materials, human skills, and machinery to produce tangible goods, while services are generated through human interaction and expertise to meet consumer needs. Economic factors, such as supply and demand, also influence the production of goods and services. Ultimately, the process involves transforming inputs into outputs that provide value to consumers.
What else can I help you with?
What is activity that produces goods or services?
goods producing industries are agriculture, mining, manufacturing and construction; tertiary industry creates services
What are the four fundamental economic questions?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
Why are all goods and services scare?
What are all goods and services scarce
Is barter the exchange of goods and services for other goods and services?
yes
What is a lack of goods or services called?
what is a lack of goods and services called
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 is activity that produces goods or services?
goods producing industries are agriculture, mining, manufacturing and construction; tertiary industry creates services
What is a producers relationship to a consumer?
Producers are the ones who creates or produce goods and services that must meet the consumer's expectations.
How does production management differ from operations management?
operation management is the set of activites that creates goods and services by transforming inputs into outputs.
How do you place a value on money?
By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it.
What services are offered by FreeBay?
The services offered by Free Bay are for people who have goods or excess goods they don't need or use anymore. They have also introduced the Swop Shop page where a person can trade goods for goods, goods for services, services for goods, and services for services.
What are the four fundamental economic questions?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
Is a supplier of goods and services a customer?
A supplier of goods and services is commonly referred to as a vendor. Unless they are buying your goods or services they are not a customer.
Is barter the exchange of goods and services for other goods and services?
yes
Why are all goods and services scare?
What are all goods and services scarce
What is a lack of goods or services called?
what is a lack of goods and services called
What is the exchange of goods and services without the use of money?
That is the economic practice of "bartering". Trading goods or services you have for the goods or services someone else has.
