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What is The total demand for goods and services in an economy known as?
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What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
The health of the economy is measured by adding the value of all goods and services produced this figure is known as what?
gross national product. nova net answer.
In which type of economy are choices made by consumers?
market
Who should produce goods in a traditional economy?
Technically enough so that the economy is self sufficient and only uses what it produces, so in this way, there is no set about, it depend on size.However in modern economies of countries known as MEDC's (more economically developed countries), trade is a substitute for goods and services being produced, in terms of international economy.Think of an economy as a supply and demand problem, the bigger it is, the more goods/ services it needs to produce. At a basic level of something like a Village, you would only need about 3 farmers producing different produce.It all depends on size, and there is no fixed amount because every case is different.
What is known as imports and exports?
Imports are goods or services brought into a country from another. Exports are goods and services sold to other countries.
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
It is a group of words that does not express a complete thought?
Capitalism is an economic system in which private individuals or businesses own capital goods. The production of goods and services is based on supply and demand in the general market-known as a market economy -rather than through central planning-known as a planned economy or command economy .
What are ohio's goods and services?
they are known for there tomatos as goods
The health of the economy is measured by adding the value of all goods and services produced this figure is known as what?
gross national product. nova net answer.
In which type of economy are choices made by consumers?
market
What type of goods do Rymans stores in the UK sell?
The Rymans stores in the UK are known for being a seller in the office supplies and office goods services sector of the consumer spending portion of the economy.
Who should produce goods in a traditional economy?
Technically enough so that the economy is self sufficient and only uses what it produces, so in this way, there is no set about, it depend on size.However in modern economies of countries known as MEDC's (more economically developed countries), trade is a substitute for goods and services being produced, in terms of international economy.Think of an economy as a supply and demand problem, the bigger it is, the more goods/ services it needs to produce. At a basic level of something like a Village, you would only need about 3 farmers producing different produce.It all depends on size, and there is no fixed amount because every case is different.
What is known as imports and exports?
Imports are goods or services brought into a country from another. Exports are goods and services sold to other countries.
System for producing good and services?
A system for producing goods and services is known as a production system. Goods are produced from raw materials, and services are activities performed.
The application of scientific discoveries to the production of goods and services is known as?
it is known as technology
What Household spending on goods and services known as?
consumption spending
What is distributing goods and services in a fixed manner known as?
Rationing
