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What is it called when you have money to buy goods or services?
Wiki User
∙ 13y ago
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'.
Wiki User
∙ 13y ago
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Why do people demand money?
to buy goods and services
People who buy goods and services are called?
Consumers
What is the term for the amount of goods and services people can buy with the money they have?
standard of living
What is the consumer's ability and desire to buy goods and services called?
demand
What is money used for?
money is used for buying and selling goods, services and repayment of debts HI
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.
Why do people demand money?
to buy goods and services
People who buy goods and services are called?
Consumers
Receiving money to buy goods and services with the promise to repay in the future?
Credit
What is the term for the amount of goods and services people can buy with the money they have?
standard of living
What is the consumer's ability and desire to buy goods and services called?
demand
Monetary policy means citizens have money to buy goods and services?
false...A+ users.
What does a producer depend on a consumer for?
Producers make goods/services and depend on the consumer to buy them so they can make money and continue making more goods/services.
How do nations benefit from producing goods and services they have a comparative advantage in supplying?
They benefit by using the money they earn to buy goods and services they cannot produce as efficiently.
What is money used for?
money is used for buying and selling goods, services and repayment of debts HI
When a person rwfuses to buy goods or use services what is the act called?
Boycotting
Who is a person who buys goods and service?
They could be called a consumer, a patron, a customer, or a client.
