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What else can I help you with?
What does manufactured goods mean?
products or resources that are man made
What does mercantilism mean in a short from?
it mean that they traded with there parent's country. for an example the new France gave France fish, fur and wood and the France gave the new France manufactured goods
When economists talk about the gains from trade they mean that?
When economists refer to the gains from trade, they mean that countries can benefit by specializing in the production of goods and services in which they have a comparative advantage, and then trading with others. This specialization allows for more efficient resource allocation, leading to increased overall production and consumption. As a result, both trading partners can enjoy a larger variety of goods at lower prices, ultimately enhancing economic welfare and growth.
What does an increase in supply of an item usually mean for a consumer?
lots of supply and low demand = lower prices lots of demand and low supply = higher prices demand and supply high = normal prices demand and supply low = normal prices
What does free trade zone mean?
A free trade zone is a formerly free port where goods can be handled, manufactured, landed, reconfigured, or reexported without intervention by customs authorities.
What does manufactured goods mean?
products or resources that are man made
What does manufactured mean?
the making of goods or wares by manual labor or by machinery
What does 'manufactured' mean?
the making of goods or wares by manual labor or by machinery
What does 'manufactured forms' mean?
In making goods or wares by machinery, the company makes a form to be used over and over.
What does 'undercut the competition' mean?
To offer goods or services at a lower price or rate than (a competitor).
What does mercantilism mean in a short from?
it mean that they traded with there parent's country. for an example the new France gave France fish, fur and wood and the France gave the new France manufactured goods
When economists talk about the gains from trade they mean that?
When economists refer to the gains from trade, they mean that countries can benefit by specializing in the production of goods and services in which they have a comparative advantage, and then trading with others. This specialization allows for more efficient resource allocation, leading to increased overall production and consumption. As a result, both trading partners can enjoy a larger variety of goods at lower prices, ultimately enhancing economic welfare and growth.
What does an increase in supply of an item usually mean for a consumer?
lots of supply and low demand = lower prices lots of demand and low supply = higher prices demand and supply high = normal prices demand and supply low = normal prices
Barbara must determine the mean price per pound of fruit what is the mean price?
Middle of the road price = Half the prices are higher and half are lower.
What does free trade zone mean?
A free trade zone is a formerly free port where goods can be handled, manufactured, landed, reconfigured, or reexported without intervention by customs authorities.
What role might the internet play in the regions economic development?
The internet allows for communication outside the immediate area. It can mean a region can fine new buyers for their goods or they can obtain goods from other areas at better prices.
What does nature of goods mean?
To me this would mean the 'intended purpose' of the goods or the type or kind of goods.
