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What is an expansion of the economy to produce more goods jobs and wealth?
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∙ 10y ago
Economic Growth
Wiki User
∙ 10y ago
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The present choice between investing in capital goods and producing consumer goods now affects the ability of an economy to produce in the future. Explain?
AnswerConsumer goods are only available for present use and will not produce wealth. Capital goods, though not providing an immediate benefit, will produce wealth for future use (for more consumer goods and/or more capital goods).
The present choice between investing in capital goods and producing consumer goods now affects the ability of an economy to produce in the future. Explain.?
AnswerConsumer goods are only available for present use and will not produce wealth. Capital goods, though not providing an immediate benefit, will produce wealth for future use (for more consumer goods and/or more capital goods).
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 to produce in mixed economy?
You should produce mixed goods in a mixed economy.
In what economy the government answer the three economic questions?
three economic questions what to produce how (much) to produce who gets the goods Answer: Command economy.
The present choice between investing in capital goods and producing consumer goods now affects the ability of an economy to produce in the future. Explain?
AnswerConsumer goods are only available for present use and will not produce wealth. Capital goods, though not providing an immediate benefit, will produce wealth for future use (for more consumer goods and/or more capital goods).
The present choice between investing in capital goods and producing consumer goods now affects the ability of an economy to produce in the future. Explain.?
AnswerConsumer goods are only available for present use and will not produce wealth. Capital goods, though not providing an immediate benefit, will produce wealth for future use (for more consumer goods and/or more capital goods).
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 to produce mixed economy?
You should produce mixed goods in a mixed economy.
What to produce in mixed economy?
You should produce mixed goods in a mixed economy.
What effect did the industrial Revolutin have on cities?
it effected the means of produce of goods toward economy
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
In what economy the government answer the three economic questions?
three economic questions what to produce how (much) to produce who gets the goods Answer: Command economy.
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 do people of a complex economy society work to produce?
Goods that they can consume themselves
Produce goods in sufficient numbers to reduce the unit cost?
economy of scale
In order for the economy to be strong businesses must?
A. Produce goods and pay workers
