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What is the value of the goods and services produced by an economy is called?
Wiki User
∙ 8y ago
Gross National Product (GNP) is a measure of a country's economic performance.
Wiki User
∙ 8y ago
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A system for producing and distributing goods and services?
The system of producing goods and services is called an economy. This system uses humans to produce and sell the goods. When the people have no say in what will be produced or how, this is called a command economy.
What three questions define the economy of a society?
what goods and services should be produced? How should goods and services be produced? who should get and use the goods and services?
For whom are goods and services produced in a market economy?
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
How should goods and services be produced in a market economy?
A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.
A system for producing and distributing goods and services?
The system of producing goods and services is called an economy. This system uses humans to produce and sell the goods. When the people have no say in what will be produced or how, this is called a command economy.
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
What three questions define the economy of a society?
what goods and services should be produced? How should goods and services be produced? who should get and use the goods and services?
What goods and services will be produced in command economy?
a good
For whom are goods and services produced in a market economy?
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
How should goods and services be produced in a market economy?
A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.
What is the value of all final goods and services produced in a particular economy called?
Gross Domestic Product (GDP)
What Three question every economy must answer?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?
What are the four basic questions of economy?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
What is the total value of all final goods and services produced in a particular economy called?
Gross Domestic Product (GDP)
How are goods and services produced in a traditional economy?
Printing used to be a service historically
