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What is it when a society cannot produce all the goods that people wish to have?
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What is a society in which people have specialized jobs and must exchange goods and services they produce for goods and services produced by other people?
A free market society.
What do people of a complex economy society work to produce?
Goods that they can consume themselves
In which type of society do people have specialized jobs and exchange goods and services they produce for goods and services produced by other people?
complex
People are both producers and products of the society discuss?
People are producers because they create goods others use. They are consumers because they consumer goods that others produce in the economy.
Are the goods that businesses offer for free to consumers also free to society?
No, because scarce resources were used to produce the free goods
What do people of simple society work to produce?
Goods that they can consume themselves
What is a society in which people have specialized jobs and must exchange goods and services they produce for goods and services produced by other people?
A free market society.
What do people of a complex economy society work to produce?
Goods that they can consume themselves
In which type of society do people have specialized jobs and exchange goods and services they produce for goods and services produced by other people?
complex
How production possibility frontier provide an insight into the issue of scarcity and choice which an economy faces when deciding what goods and services to produce?
Since resources are limited,the society cannot get all the goods and services the people want.And hence some mechanisms are used to guide the use of resources in the production of goods and services to satisfy as many as people wants as possible. When the society do not know what to produce,the Production Possibility Frontier [PPF] is used to represent a boundary between those combination of goods and services which can be produced and those which cannot be produced.
People are both producers and products of the society discuss?
People are producers because they create goods others use. They are consumers because they consumer goods that others produce in the economy.
Do any society can produce goods and services?
no, i dont think that any society can produce goods and services that meet all its wants because there are societies with poor resourses and some with rich resources.
What is Positive state and minimalist state?
Positive state: a government that helps provide the goods, services, and conditions for a prosperous equitable society. Minimalist state: a government that restricts its activities to providing only goods that the free market cannot produce.
Are the goods that businesses offer for free to consumers also free to society?
No, because scarce resources were used to produce the free goods
What is a consumer in an economic system?
An economy that depends on a large amount of spending by consumers
What involves two ideas people have unlimited wants and society can produce only a limited number?
Supply and demand describes the relationship between the availability of goods or services and the wants of people.
What is the method used by society to produce and distribute goods and services?
Actually, the correct answer is economic system.
