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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


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?


What are the 3 basic economic questions?

The three basic economic questions are:What goods and services should be produced?How should the goods and services be produced?For whom should the goods and services be produced?


What goods and services did the early colony produce?

they produced something good


Are water and carbon dioxide produced by gas exchange?

No. Water and carbon dioxide are produced by combustion. Gas exchange does not produce anything. It is simply a matter or substances switching places.


For whom are goods services produce in a market economy?

In a market economy, goods and services are produced for consumers.


For whom do you produce goods and services?

That's easy, you produce them for customers.


What can capital include?

Anything produced in an ecomomy that is used to produce other goods and services.


In the u.s. who decides what goods and services should be produced?

In the U.S. excepting minor legal restrictions, all individuals decide what goods and services should be produced and are free to produce them.


What goods and services should produce?

Most customer demanded product should be produced with your capacity.


Why do markets exist?

Markets allow people to buy what they need to consume and sell the specialized goods and services they produce.