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Actually, the correct answer is economic system.

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What term refers to method a society uses to produce and distribute goods and services?

Product market


Why was Andrew Carnegies favorite method to getting rid of surplus money Donating It To Public Services?

It was his favorite method because he enjoyed giving to people, and out of the three methods, this method gave the most to society.


What are the economy in three basic economic questions are answered by the interaction of supply and demand in a competitive market?

In a competitive market, the three basic economic questions—what to produce, how to produce, and for whom to produce—are answered through the interaction of supply and demand. Producers determine what to produce based on consumer preferences and willingness to pay, while the method of production is influenced by cost efficiency and available resources. The distribution of goods and services, or for whom to produce, is dictated by purchasing power and market competition. This dynamic ensures that resources are allocated efficiently, responding to consumer needs and preferences.


What effect did this new method of production have on the manufacture of automobiles and how did those changes affect the rest of society?

other industries also sky rocketed.


What was to trade for goods and services?

Trade for goods and services typically involves the exchange of items or services between parties, often facilitated by currency as a medium of exchange. Historically, barter was the primary method, where individuals directly exchanged goods or services without monetary involvement. Over time, the introduction of money standardized trade, making it easier to value and transfer goods and services. This system allows for a more efficient allocation of resources and fosters economic growth.

Related Questions

What is method used by society to produce and distribute goods and services?

Actually, the correct answer is economic system.


What term refers to method a society uses to produce and distribute goods and services?

Product market


Why was Andrew Carnegies favorite method to getting rid of surplus money Donating It To Public Services?

It was his favorite method because he enjoyed giving to people, and out of the three methods, this method gave the most to society.


How does scientific method relates to human services research?

What does the scientific method in human services


Which installation method can be used to distribute Windows 7 with applications already?

Image-based installation


What could be considered a civil society method of limiting government?

which of the following could be considered a civil society method of limiting government?


Could be considered a civil society method of limiting government?

which of the following could be considered a civil society method of limiting government?


How is fermentation involded in the production of ATP?

It is a method of anaerobic respiration. It produce twoATP


Which installation method can be used to distribute windows 7 with applications already installed?

image-based installation


What is beam penetration method?

beam penetration method produce a three colors


Why do you think Genentechs method to produce recombinant insulin worked while Biogens method did not?

Yup


What is the preferred method to access the Internal Revenue Services website?

The preferred method is to use a Web browser.