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What is a country's system of producing distributing and consuming goods and services called?
Economy or "economic system"
A system for producing and distributing goods and services?
The system of producing goods and services is called an economy. This system uses humans to produce and sell the goods. When the people have no say in what will be produced or how, this is called a command economy.
What is the organized set of procedures that a nation follows in producing and distributing goods and services?
Economic System
How does price changes affect equilibrium?
By serving as a tool for distributing goods and services.
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
What is a country's system of producing distributing and consuming goods and services called?
Economy or "economic system"
A system for producing and distributing goods and services?
The system of producing goods and services is called an economy. This system uses humans to produce and sell the goods. When the people have no say in what will be produced or how, this is called a command economy.
What is the organized set of procedures that a nation follows in producing and distributing goods and services?
Economic System
What is distributing goods and services in a fixed manner known as?
Rationing
How does price changes affect equilibrium?
By serving as a tool for distributing goods and services.
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
What are Goods or services bought with other goods or services called?
This is the barter system.
What is a system of allocating scarce goods and services using criteria other than price called?
A barter system, where people trade their goods and services for other goods or services as opposed to trading goods and services for money.
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.
What are the four fundamental economic questions?
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?
How does the price system affect goods and services?
goods and services whether it may be anything price will be there for it
What warranty is one that is not in writing but is binding upon business and industry when distributing goods and services in the marketplace?
an implied warranty(novanet)
