0
What else can I help you with?
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.
How do you count various goods and services and know the total production in each sector of economy?
as thousands of goods and services are produced, it is an enormous task to add up all these . To get to this problem economists suggested that the value of goods and sevices should be used rather than adding the actual numbers. But only one precaution is to be undertaken i.e., only the final value of the goods and services should be counted as it already includes the value of all intermediate goods.
Utility is the concept that economists use to measure the a person gets from the use or consumption of goods and services.?
satisfaction
What do economists call the physical things that firms make things that can be seen or touched?
Economists call the things that firms sell which cannot be touched or seen goods and services.
Which of the following is uded by economists to measure the satisfaction a person gets from the use or consumption of goods and services?
The concept of utility.
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.
True or false Economists study the processes of the human mind?
False - economists are concerned with the production and consumption of goods and services and the analysis of the commercial activities of a society
How do you count various goods and services and know the total production in each sector of economy?
as thousands of goods and services are produced, it is an enormous task to add up all these . To get to this problem economists suggested that the value of goods and sevices should be used rather than adding the actual numbers. But only one precaution is to be undertaken i.e., only the final value of the goods and services should be counted as it already includes the value of all intermediate goods.
Utility is the concept that economists use to measure the a person gets from the use or consumption of goods and services.?
satisfaction
What do economists call the physical things that firms make things that can be seen or touched?
Economists call the things that firms sell which cannot be touched or seen goods and services.
What do economists call the physical thing's that firms make (things that can be seen or touched )?
Economists call the things that firms sell which cannot be touched or seen goods and services.
What do economists call the physical things that firms make ( things that can be seen or touched)?
Economists call the things that firms sell which cannot be touched or seen goods and services.
Which of the following is uded by economists to measure the satisfaction a person gets from the use or consumption of goods and services?
The concept of utility.
Economists generally do not classify those goods or services that are necessary for survival as needs.?
No. If they are necessary for survival, then they are needs.
What type of social scientist primarily studies how people change resources into goods and services?
An economist primarily studies how people change resources into goods and services. Economists examine the production, distribution, and consumption of goods and services within an economy to understand factors such as supply and demand, pricing, and resource allocation.
What concept do economists use to measure the satisfaction a person gets from the use or consumption of goods and services?
The concept of utility is a measure of consumer satisfaction.
WHAT Economists Use The Concept Of To Measure The Satisfaction A Person Gets From The Use Or Consumption Of Goods And Services.?
The concept of utility is a measure of consumer satisfaction.
