0
Goods and money used in the production of goods and services are referred to as factors of production. These include tangible resources, such as raw materials and machinery, as well as financial resources that fund the production process. Together, they enable businesses to create products and deliver services that meet consumer demand. Essentially, these elements are crucial for transforming inputs into outputs in the economy.
What else can I help you with?
This is equipment and factories used in the production of goods and services?
capital goods or capital
Goods that are used to produce other goods and services are called what resource?
correct answer is Factors of production
What is money used for?
money is used for buying and selling goods, services and repayment of debts HI
What is the using of goods and services called?
Production is the creation of goods and services. It is used to help deliver what consumers need and want through consumption.
When money is not used and goods and services are exchanged for other goods and services this system is called?
It's called TRADE BY BARTER.
What word means Money used to buy tools and equipment used in production?
Capital is money used to buy tools and equipment to make goods or provide services. Capital goods are machines, tools, buildings and the like, used in production.
What are capitol goods?
The definition of capital goods are the goods that are used for production purposes. They create goods and services that can be used by consumers.
This is equipment and factories used in the production of goods and services?
capital goods or capital
What is industrial market?
industrial market this are the organizations (business or nonbusiness) that require goods and services which are used in the production of goods or services thay they later sell or distribute at a profit or to satisfy an objective. industrial market this are the organizations (business or nonbusiness) that require goods and services which are used in the production of goods or services thay they later sell or distribute at a profit or to satisfy an objective.
Goods that are used to produce other goods and services are called what resource?
correct answer is Factors of production
What is proper utilization of money?
Money is used to purchase goods and services.
What is the definition of factors of production?
The resources used to produce goods and services.
What are resources used to make all goods and services?
factors of production
What is money used for?
money is used for buying and selling goods, services and repayment of debts HI
What is the using of goods and services called?
Production is the creation of goods and services. It is used to help deliver what consumers need and want through consumption.
What are resources used to make all goods and services called?
factors of production
When money is not used and goods and services are exchanged for other goods and services this system is called?
It's called TRADE BY BARTER.
