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Who determines what goods to produce in the economy?
It is the demand and supply which determines the goods and services to produce in the 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 Three question every economy must answer?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?
Who decides what goods and services will be produced in a market economy?
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
How should goods and services be produced in a market economy?
A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.
Who determines what goods to produce in the economy?
It is the demand and supply which determines the goods and services to produce in the economy.
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
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 are the four basic questions of economy?
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?
What Three question every economy must answer?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?
Who decides what goods and services will be produced in a market economy?
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
Who produces goods and services in a Market economy?
They produce it for Ackbar Al-Guera
How should goods and services be produced in a market economy?
A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.
What a the economic problems faced by the world?
The biggest economic problem is Scarcity. All over the globe, people have unlimited want and desires, but we have only LIMITED resources. Economics is about making decisions to fulfill these wants to our extent. For example, questions such as: What goods and services should an economy produce? How should we produce these goods and services? Who should get the goods and services we produce?
What goods and services should an economy produce?
products sale money and life finance
Why are all goods and services scarce in the economy?
Goods and services are scarce in the economy because there are limited resources available to produce them, and the demand for these goods and services exceeds the available supply. This scarcity forces individuals and businesses to make choices about how to allocate resources efficiently.
In which type of society do people have specialized jobs and exchange goods and services they produce for goods and services produced by other people?
complex
