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specialization
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what is a lack of goods and services called
A business or company has expenses. Expenses include the costs of goods and services that are used in the process of earning revenues.
This is the barter system.
capital goods
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what is a lack of goods and services called
A business or company has expenses. Expenses include the costs of goods and services that are used in the process of earning revenues.
A business that produces goods or services is called an industry.
This is the barter system.
capital goods
If you have money to buy goods and services you are said to be 'solvent'. When you have no money to by goods and services you are said to be 'insolvent'.
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
It's called TRADE BY BARTER.
Capital Goods.
A company is owned by shareholders and provides goods or services to customers. A co-operative is owned by the customers who use the goods or services it produces.
A barter system, where people trade their goods and services for other goods or services as opposed to trading goods and services for money.