0
What is an economic term for the money that is received form the sale of goods and services?
The economic term for the money received from the sale of goods and services is "revenue." Revenue is a key indicator of a company's financial performance and is often used to assess its ability to generate profits. It can come from various sources, including sales of products, services provided, and other income-generating activities.
What else can I help you with?
What is the economic term for the money that is received from the sale of goods and services?
The economic term for the money received from the sale of goods and services is "revenue." Revenue is a crucial metric for businesses as it represents the income generated from their primary activities. It is calculated by multiplying the price of goods or services by the quantity sold. Revenue is a key component in determining a company's profitability and overall financial health.
What is the exchange of goods and services without the use of money?
That is the economic practice of "bartering". Trading goods or services you have for the goods or services someone else has.
When market governments decide how to distribute wealth money goods and services what basic economic question are they answering?
Markets or governments make economic decisions about how to most efficiently convert their resources into goods and services. The basic economic question that is being answer is how to produce.
What is it called when you have money to buy goods or services?
If you have money to buy goods and services you are said to be 'solvent'. When you have no money to by goods and services you are said to be 'insolvent'.
What were the Economic benefits of the triangle trade?
The shippers, buyers, and sellers all made money on the goods and slaves they sold and received.
What is the economic term for the money that is received from the sale of goods and services?
The economic term for the money received from the sale of goods and services is "revenue." Revenue is a crucial metric for businesses as it represents the income generated from their primary activities. It is calculated by multiplying the price of goods or services by the quantity sold. Revenue is a key component in determining a company's profitability and overall financial health.
What is the exchange of goods and services without the use of money?
That is the economic practice of "bartering". Trading goods or services you have for the goods or services someone else has.
When market governments decide how to distribute wealth money goods and services what basic economic question are they answering?
Markets or governments make economic decisions about how to most efficiently convert their resources into goods and services. The basic economic question that is being answer is how to produce.
What are the 2 basic natural resources that economic systems allocate?
Money, goods & services
What is it called when you have money to buy goods or services?
If you have money to buy goods and services you are said to be 'solvent'. When you have no money to by goods and services you are said to be 'insolvent'.
What were the Economic benefits of the triangle trade?
The shippers, buyers, and sellers all made money on the goods and slaves they sold and received.
How do you place a value on money?
By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it.
What are deferred items?
Deferred items are those where money has either been paid out in advance of goods being received/work being done, or where money has been received in advance goods being sold/work being done. If the money has been paid out before receiving the goods or services, this is known as a deferral of expense. If the money has been received before it is earned, this is known as a deferral of revenue.
The circular flow of economic activity is characterized by?
How people produce (make money) and consume (spend money).
In the circular flow of goods and services what does the government use money payment to provide?
Goods and services
What is the significance of the ancient symbol for money in historical economies?
The ancient symbol for money holds significance in historical economies as it represents a medium of exchange that facilitated trade and economic transactions. This symbol played a crucial role in the development of complex economic systems, enabling individuals to acquire goods and services, accumulate wealth, and establish value for goods and services.
What is an economic system that does not use money for trade?
Here are two: In the "barter system, one trades goods or services for goods or services in lieu of money exchanges. Another non-monetary system is a Resource Based Economy. Originated by Jacque Fresco, it is a whole factor socio-economic system in which all goods and services are available without the use of money, credits, barter or any other system of debt or servitude. All resources become the common heritage of all of the inhabitants, not just a select few.
