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What means that people and nations all over the world now depend on each other for many goods and services?
Wiki User
∙ 12y ago
Global interdependence
Wiki User
∙ 12y ago
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How do nations obtain goods and services for which they lack adequate resources?
by trading with other nations to get what they need.
What means that the countries must depend on each other for goods and services?
Globalization
How do people use currency to provide for goods and services?
People use currency to provide goods and services by spending and buying
In which type of society do people have specialized jobs and exchange goods and services they produce for goods and services produced by other people?
complex
How do people demand goods and services?
When economists refer to the demand for goods and services, what they mean is, what goods and services are people buying. People demand things by buying them. If you demand to have things given to your for free, that is politics rather than economics.
What does a producer depend on a consumer for?
Producers make goods/services and depend on the consumer to buy them so they can make money and continue making more goods/services.
How do nations obtain goods and services for which they lack adequate resources?
by trading with other nations to get what they need.
How do nations benefit from producing goods and services they have a comparative advantage in supplying?
They benefit by using the money they earn to buy goods and services they cannot produce as efficiently.
What means that the countries must depend on each other for goods and services?
Globalization
What services are offered by FreeBay?
The services offered by Free Bay are for people who have goods or excess goods they don't need or use anymore. They have also introduced the Swop Shop page where a person can trade goods for goods, goods for services, services for goods, and services for services.
How do people use currency to provide for goods and services?
People use currency to provide goods and services by spending and buying
People consume particular goods or use particular services because the goods or services have?
utility
In which type of society do people have specialized jobs and exchange goods and services they produce for goods and services produced by other people?
complex
How do people demand goods and services?
When economists refer to the demand for goods and services, what they mean is, what goods and services are people buying. People demand things by buying them. If you demand to have things given to your for free, that is politics rather than economics.
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 goods and services have utility for people?
There are different goods and services that have utility for people. Some of them include food, health care services, transportation and so much more.
How does the nations government choose which public goods and services to produce?
The nation's government choose which public goods and services to produce because its a command market which allow the government to make all the choices.
