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Which best explains the profit motive?
The desire to make money through the production of goods and services.
Which of the following best explains the profit motive?
Minimize costs and maximize revenue.APEXXthe desire to make money through the production of goods and servicesThe desire to make money through the production of goods and servicesa. The incentive to buy at a low price in order to be able to sell at a higher price.b. The desire to make money through the production of goods and services.c. The decision to allow market forces to decide on the price of goods and services.d. The motivation to work hard at a job in order to buy more goods and services.B.
What is the using of goods and services called?
Production is the creation of goods and services. It is used to help deliver what consumers need and want through consumption.
What is the definition of real flow in economics?
The flows of factors of production that go from households through factor markets to firms and of the goods and services that go from firms through goods markets to households.
What goods used in the production of final goods?
Intermediate Goods
What is the definition of agrigulture?
It is the production of food and goods through farming.
What the word agriculture mean?
it's the production of food and goods through farming and forestry
What effect did advances in farming have on farm labor?
The proportion of human labor used in the production of farm goods dropped by measurable degrees as a result of farming advances
Which best explains the profit motive?
The desire to make money through the production of goods and services.
What is a capital as a factor of production?
Capital as a factor of production entails goods that are produced through human labor in an economic system. This does not include Natural Resources or land.
Which of the following best explains the profit motive?
Minimize costs and maximize revenue.APEXXthe desire to make money through the production of goods and servicesThe desire to make money through the production of goods and servicesa. The incentive to buy at a low price in order to be able to sell at a higher price.b. The desire to make money through the production of goods and services.c. The decision to allow market forces to decide on the price of goods and services.d. The motivation to work hard at a job in order to buy more goods and services.B.
What is the using of goods and services called?
Production is the creation of goods and services. It is used to help deliver what consumers need and want through consumption.
What impact did technological advances have on the production goods?
production of goods was increased
What is the definition of real flow in economics?
The flows of factors of production that go from households through factor markets to firms and of the goods and services that go from firms through goods markets to households.
What goods used in the production of final goods?
Intermediate Goods
Is manufacturing and producing of goods different?
Yes. The manufacture of goods is to make an end product, usually through machinery or combining items together to make a product, whereas production of goods could be through growing a single product or to quality assess them.
What does systematic agriculture mean?
farming to goods
