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Which economic term refers to making decisions about the use of resources in the production and distribution of goods?
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What are the factors of production in an economic system?
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
What is the definition of an Economic System?
The system of production and distribution and consumption.A.Free-market economyAn economic system where decisions are made by producers and consumers.C.Mixed economyAn economic system that uses both free-market and command principles.B.Planned economyAn economic system run by the government.
Do economic resources include both production and the factors of production?
Yes, the means of production, and the system that supports it, are all resources.
What are the Functions of economic system?
The four functions of economic systems; Production, Allocation, Distribution and Regeneration.
What are the 3 factors of economic systems?
Demand-Production-Distribution/Supply
What does economic do with resources when it comes to the production and distribution of goods and services?
Allocating
What is market in economic?
Market in Economic is based on supply and demand, and how it influence a business's investment, production and distribution decisions.
Economic is about doing it resources when it comes to the production and distribution of goods and services?
Allocating Apex
Definition of economic geography?
Economic geography is a subfield of geography that studies the patterns and processes related to the production, distribution, and consumption of goods and services. It examines how economic activities are organized within regions and how they are influenced by factors such as resources, infrastructure, and global trade. This field also explores the spatial impacts of economic decisions and policies on urban and rural areas.
How distribution is manifested in the political economies?
Distribution in political economies refers to how resources, wealth, and opportunities are allocated among individuals and groups in society. This can be influenced by various factors such as government policies, market forces, and social structures. Manifestations of distribution can be seen in income inequality, access to public services, and disparities in economic outcomes among different segments of the population. Political decisions and power dynamics play a significant role in shaping how distribution is structured within a society.
Why is resource geography known as an important branch of economic geography?
Economic geography is the study of the location, distribution and spatial organization of economic activities across the world. It represents a traditional sub-field of the discipline of geography.Many branches of geography are found within human geography, a major branch .Economic geographers examine the distribution of production. For more information you can move to any online services like thesis writing service . Thank you ref: laustan.com
What are 3 economic activities?
capital production distribution
What is having to do with the production distribution and consumption of wealth?
Economic
What are the factors of production in an economic system?
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
What is the definition of an Economic System?
The system of production and distribution and consumption.A.Free-market economyAn economic system where decisions are made by producers and consumers.C.Mixed economyAn economic system that uses both free-market and command principles.B.Planned economyAn economic system run by the government.
Do economic resources include both production and the factors of production?
Yes, the means of production, and the system that supports it, are all resources.
What is studied in the field of economic geography?
Economic geography studies the spatial patterns and distribution of economic activities, such as production, consumption, and trade. It examines how geography influences economic development, resource allocation, and regional disparities. This field also explores the relationships between economic systems and the physical environment.
