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What is the term for the amount of goods and services people can buy with the money they have?
Wiki User
∙ 12y ago
standard of living
Wiki User
∙ 12y ago
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Why do people demand money?
to buy goods and services
What is it called when you have money to buy goods or services?
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'.
What is a system of allocating scarce goods and services using criteria other than price called?
A barter system, where people trade their goods and services for other goods or services as opposed to trading goods and services for money.
What is the total amount of money a firm receives by selling goods or services called?
total revenue
Why do people accept US money in exchange for goods and services?
The value of a good or service can be measured with money.
How do you place a value on money?
By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it. By the amount of goods or services you can buy for it.
Why do people demand money?
to buy goods and services
What is it called when you have money to buy goods or services?
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'.
What is a system of allocating scarce goods and services using criteria other than price called?
A barter system, where people trade their goods and services for other goods or services as opposed to trading goods and services for money.
What is the total amount of money a firm receives by selling goods or services called?
total revenue
What is the total amount of money firm receives by selling goods or services called?
total revenue
A money that people are willing to receive in exchange for goods and services is said to be?
acceptable
Why do people accept US money in exchange for goods and services?
The value of a good or service can be measured with money.
What is The total amount of money a business takes in during a given period by selling goods and services is called?
Revenue
Quantity of money according to classical theory will determine the?
general price level of goods and services is directly proportional to the amount of money in circulation, or money supply.
Why is money useful to us?
Money is useful to people because it is a convenient tool for exchange and paying for goods and services.
What is the exchange of goods and services without the use of money?
That is the economic practice of "bartering". Trading goods or services you have for the goods or services someone else has.
