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Collective consumption is a concept that refers to the many goods and services that are produced and consumed on a collective level.
goods are tangible and transferable , services are not
income goods means goods that were not used by producers. And outcome goods called produced goods
factors of production
gross national product Gross National Product is the Value of All the Goods and Services Produced in a Country within a single year.
Economic Resources
It means only a limited amount of items has been produced therefor limit of goods and services will be produced
Collective consumption is a concept that refers to the many goods and services that are produced and consumed on a collective level.
goods are tangible and transferable , services are not
income goods means goods that were not used by producers. And outcome goods called produced goods
factors of production
It means there is an outstanding debt for some goods or services you have received.
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.
gross national product Gross National Product is the Value of All the Goods and Services Produced in a Country within a single year.
It means a person who uses goods and services
Market
Market