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What does the theory of production deal with?
The theory of production deals with the relationship between the factors of production and the output of goods and services
The market supply curve is?
The market supply curve shows the amount of goods/services produced at any given price. There is a direct relationship between output and price. That is, if the price of goods and services is high, then sellers will produce a large number of goods and services. Conversely, if the price of goods/services is low, then output will also be low.
Explain different between goods and services?
goods are physical. services are something you do for someone.
What relationship is shown by the aggregate demand curve?
The aggregate demand curve shows the relationship between the total quantity of goods and services demanded in an economy at different price levels.
What are the relationship between goods service and consumers?
Goods are consumer wants and needs that are produced. Services are things that people pay for once and receive something. Consumers spend money on both.
What does the theory of production deal with?
The theory of production deals with the relationship between the factors of production and the output of goods and services
The market supply curve is?
The market supply curve shows the amount of goods/services produced at any given price. There is a direct relationship between output and price. That is, if the price of goods and services is high, then sellers will produce a large number of goods and services. Conversely, if the price of goods/services is low, then output will also be low.
Explain different between goods and services?
goods are physical. services are something you do for someone.
What relationship is shown by the aggregate demand curve?
The aggregate demand curve shows the relationship between the total quantity of goods and services demanded in an economy at different price levels.
What are the relationship between goods service and consumers?
Goods are consumer wants and needs that are produced. Services are things that people pay for once and receive something. Consumers spend money on both.
What term indicated the exchange of goods and services between countries?
The exchange of goods and services between countries is called international trade.
What is the difference between the revenue that a business gets for its goods and services and the cost of producing the goods and services?
Labor
What is the nature of the relationship between consumers and producers in economics?
The relationship between consumers and producers in economics is based on the exchange of goods and services. Consumers purchase products from producers, who in turn supply these goods to meet consumer demand. This interaction drives the economy and influences pricing, production, and consumption decisions.
What is the difference between manufacturing and services?
Manufacturing produces goods. Services provide services.
Difference between tangible goods versus marketing services?
Marketing services are services that are offered to market products. Tangible goods are actual, physical goods that are sold by businesses.
Difference between marketing services versus tangible goods in global market?
you buy goods and services you buy from a marketer ?
What relationship do production functions indicate between inputs and outputs?
Production functions indicate the relationship between inputs (such as labor and capital) and outputs (goods or services) in a production process. They show how the quantity of inputs affects the quantity of outputs produced.
