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The means through which goods and services are produced refer to the resources and factors of production utilized in the creation process. These typically include land (Natural Resources), labor (human effort), capital (machinery and tools), and entrepreneurship (the ability to organize and manage production). Together, these elements contribute to the efficient production and distribution of goods and services in an economy.
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Collective consumption means?
Collective consumption is a concept that refers to the many goods and services that are produced and consumed on a collective level.
What are the similarities between goods and services?
goods are tangible and transferable , services are not
What is the meaning of income goods?
income goods means goods that were not used by producers. And outcome goods called produced goods
What are the means to produce goods and services?
factors of production
What is gnp?
gross national product Gross National Product is the Value of All the Goods and Services Produced in a Country within a single year.
The means through which goods and services?
Economic Resources
Why is scacity a problem that economists related to economy?
It means only a limited amount of items has been produced therefor limit of goods and services will be produced
Collective consumption means?
Collective consumption is a concept that refers to the many goods and services that are produced and consumed on a collective level.
What are the similarities between goods and services?
goods are tangible and transferable , services are not
What is the meaning of income goods?
income goods means goods that were not used by producers. And outcome goods called produced goods
What are the means to produce goods and services?
factors of production
What does the phrase amounts due for undelivered goods slash services mean?
It means there is an outstanding debt for some goods or services you have received.
What are medieval blacksmith prices?
There may have been monetary costs, but just as often as not tradesman used barter as a means to exchange services for services, goods for services or goods for goods. In other words, they traded.
What does a consumer mean?
It means a person who uses goods and services
What is gnp?
gross national product Gross National Product is the Value of All the Goods and Services Produced in a Country within a single year.
What does commercially obtained mean?
"Commercially obtained" refers to products or services that are purchased from a business or organization for a particular use, rather than being obtained through personal or non-commercial means. These goods are typically produced or provided for the purpose of sale in the marketplace.
The means by which goods and services are bought and sold freely is known as a?
Market
