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What is the Societies that feature an economy based on services and technology not production?
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What determines the amount of output an economy produces?
The factors of production and the production technology determine the economy's output of goods and services. An increase in one of the factors of productionor a technological advance raises output.
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
What is the production and trade of good and services?
It's economy
What happens to supply when technology improves?
when technology improves, PPC (production possibility curve ) will shift rightward and the total production in an economy will increase.
What production is the current US economy is based primarily?
Services.
What determines the amount of output an economy produces?
The factors of production and the production technology determine the economy's output of goods and services. An increase in one of the factors of productionor a technological advance raises output.
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
What is the production and trade of goods and services?
It's economy
What is the production of trade and goods of services?
It's economy
What is the production and trade of good and services?
It's economy
What happens to supply when technology improves?
when technology improves, PPC (production possibility curve ) will shift rightward and the total production in an economy will increase.
What production is the current US economy is based primarily?
Services.
The know-how and the means and methods of production availble in an economy are known as?
Technology.
In a market economy what organizes and coordinates the production of goods and services?
Exchange
In market economy what organizes and coordinates the production of goods and services?
Exchange
What is the difference a free market economy and a mixed economy?
In a mixed-market econom, the government imposes regulations on the production of goods and services.
What are the role of technological advancement in nations economy?
Technology plays a key role in the advancement of economy for a nation. With modern technology a nation is able to streamline its process, multiply its production, thus adding to the economy.
