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In a Traditional economy goods and service are either by sharing or trading.
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∙ 11y ago
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What economy individual goods are traded for other goods?
Barter
What do you mean by digital economy?
it is an economy based on electronic goods and services which produced by the electronic business and traded through the electronic commerce and also in internet and web
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
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.
What do people of a complex economy society work to produce?
Goods that they can consume themselves
What economy individual goods are traded for other goods?
Barter
What do you mean by digital economy?
it is an economy based on electronic goods and services which produced by the electronic business and traded through the electronic commerce and also in internet and web
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
What are examples of economy?
An economy exists whenever there are goods and/or services to be sold or traded. If you make something with your own hands, and then sell or trade it to someone who has made something you need, this is an example of economy.
What is something that can be traded for goods and services?
materials
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for 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.
What do people of a complex economy society work to produce?
Goods that they can consume themselves
What Type of economy in which the government decides which goods and services will be available?
A command economy is one in which the government decides which goods and services will be available. There is officially no free market in a command economy.
Who consumes the goods and services market economy?
You Do!
What economy accepts goods and services in exchange for commodities?
barter economy
What three questions define the economy of a society?
what goods and services should be produced? How should goods and services be produced? who should get and use the goods and services?
