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Production is the creation of goods and services. It is used to help deliver what consumers need and want through consumption.
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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.
Using resources in such a way as to maximize the production of goods and services is called?
Efficiency
What is a lack of goods or services called?
what is a lack of goods and services called
What are Goods or services bought with other goods or services called?
This is the barter system.
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.
Using resources in such a way as to maximize the production of goods and services is called?
Efficiency
What is a lack of goods or services called?
what is a lack of goods and services called
What is a business that produces goods or services called?
A business that produces goods or services is called an industry.
What are Goods or services bought with other goods or services called?
This is the barter system.
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'.
When money is not used and goods and services are exchanged for other goods and services this system is called?
It's called TRADE BY BARTER.
What are the three main economic resources used for making selling and using goods and services?
The three economic resources used for making, selling, and using goods and services are land, labor, and capital. Entrepreneurship is also a factor in making, selling, and using goods and services.
Manufactured goods needed to produce other goods and services are called?
Capital Goods.
Goods prouduced for the pupose of making other goods and services are called?
The hiring of labor power only results in the production of goods or services.
Trading without the use of money is called?
Trading without the use of money is called bartering. In bartering, goods or services are exchanged directly for other goods or services without using a medium of exchange like money.
A system of allocating scarce goods and services using criteria other than price is .?
A system of allocating scarce goods and services using criteria other than price is _____.
