0
What else can I help you with?
Economics is about conserving scarce that you need to produce the goods for people to buy?
resources
People who buy and sell goods?
Merchants used to travel around the world to buy and sell goods
Why do markets exist?
Markets allow people to buy what they need to consume and sell the specialized goods and services they produce.
What is profit incentive implications?
desire to make that motivates people to produce and sell goods and services that others want to buy.
What did the ancient Chinese people use to buy and sell goods and services -?
Ancient Chinese people used a barter system for buying and selling goods. Some of the people used items such as bricks of tea as currency.
Economics is about conserving scarce that you need to produce the goods for people to buy?
resources
People who buy and sell goods?
Merchants used to travel around the world to buy and sell goods
Why do markets exist?
Markets allow people to buy what they need to consume and sell the specialized goods and services they produce.
What is profit incentive implications?
desire to make that motivates people to produce and sell goods and services that others want to buy.
What did the ancient Chinese people use to buy and sell goods and services -?
Ancient Chinese people used a barter system for buying and selling goods. Some of the people used items such as bricks of tea as currency.
Does Dick's Sporting Goods buy guns?
Dick's Sporting goods does not buy used guns.
What is the ability of people to buy goods?
We might call it purchasing power, or wealth. In general, people who have money can buy goods.
Why did they use chopsticks?
People used chopsticks because they were easy and cheap to produce and buy.
Why is Mass Production important?
The technique of mass production makes it possible to produce goods at lower cost, which means that more people can afford to buy those goods, and the standard of living of the population will increase.
In the 1920 people used installment plans to buy consumer goods such as?
household products
What is used to produce and buy efficiently?
With new technologies, the internet is one of the best ways to make and produce goods and services in an efficient manner. You have unparalleled access to thousands of suppliers worldwide using the internet.
How do people buy goods in a depression?
trading goods, services, and precious metals
