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Production
A state of equilibrium in the production of goods and services within the economic parameters in consumption,investments,savings and the forces of supply and demand for production.
An economic institution is the set of norms relating to production and distribution of goods and services
Command economy
is the system of production,distribution and consumption of goods and services of an economy
Production
Allocating
A state of equilibrium in the production of goods and services within the economic parameters in consumption,investments,savings and the forces of supply and demand for production.
An economic theory is a theory that has to do with the production, distribution and consumption of goods and services.
An economic institution is the set of norms relating to production and distribution of goods and services
art is the production of goods and services,this makes it an economic activity
Tertiary production is part of the three sectors of the economic theory. The tertiary production refers to the creation of intangible goods and provides services to the two other sectors of economic theory.
Command economy
is the system of production,distribution and consumption of goods and services of an economy
Allocating Apex
A market economy is an economic system in which the production of goods and services is determined by the demand from consumers. Prices are set by supply and demand in the market, and businesses respond to consumer preferences in order to maximize profit.
The measurement of economic growth begins with the Gross National Production. This is the measure of all the good and services that are produced by a country.