0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Why did the American economy change from a producer durable goods economy to a consumer durable goods economy?
yes
Who determines what goods to produce in the economy?
It is the demand and supply which determines the goods and services to produce in the economy.
What economy is where goods and services are traded?
In a Traditional economy goods and service are either by sharing or trading.
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
What is Economy Pricing?
it is when you increase the price of goods in your economy
How does the command economy decide how to produce?
The command economy looks at what is needed, and what is available, and allocates materials directly to production. There is often little choice in the selection of consumer goods, as there would be in a market-driven economy.
Why did the American economy change from a producer durable goods economy to a consumer durable goods economy?
yes
Who determines what goods to produce in the economy?
It is the demand and supply which determines the goods and services to produce in the economy.
What economy is where goods and services are traded?
In a Traditional economy goods and service are either by sharing or trading.
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
What is Economy Pricing?
it is when you increase the price of goods in your economy
What is a closed economy?
An economy that does not import or export goods
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
What are surplus goods?
Surplus goods refers to the profit made in an economy, these goods could be any number of things eg money, resources .... Surplus goods are the result of an efficient economy usually one that is a free market economy
Does buying goods from other countries hurt the economy?
No, the economy is built on trade and the circulation of money, by buying the goods you help the economy. By supporting a developing country's goods by buying them you help create demand for their industries and thus support their economy.
What are the roles of households and firms in the market economy?
in a market economy, firms make the goods. Households buy the goods
What are the roles of household and firms a market economy?
in a market economy, firms make the goods. Households buy the goods
