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What is an example of a capital good and how does it contribute to the production of other goods and services?
An example of a capital good is a machine used in a factory to produce goods. This machine helps increase efficiency and productivity, allowing for more goods to be produced in a shorter amount of time. By using capital goods like machines, businesses can produce more goods and services, leading to economic growth and development.
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 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 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?
Manufactured goods needed to produce other goods and services are called?
Capital Goods.
Tool or machine that a company can use to produce goods and services?
Capital goods/ Capital resource.
Who produces the goods and services in Switzerland?
company's produce products such as snowboards
What is an example of a capital good and how does it contribute to the production of other goods and services?
An example of a capital good is a machine used in a factory to produce goods. This machine helps increase efficiency and productivity, allowing for more goods to be produced in a shorter amount of time. By using capital goods like machines, businesses can produce more goods and services, leading to economic growth and development.
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?
Do you believe Grenada resources is utilizing to produce goods and services?
i think there goods and services are excellent!!
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 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 is the purpose of the firm?
To produce goods and services
What is a purpose of a firm?
To produce goods and services
Manufactured goods needed to produce other goods and services are called?
Capital Goods.
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
