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Which term refers to the total quantity and quality of goods and services that people living in an economic system can purchase?
The term that refers to the total quantity and quality of goods and services that people living in an economic system can purchase is "aggregate demand." It reflects the overall demand for goods and services within an economy at a given price level and time. Aggregate demand is influenced by factors such as consumer spending, investment, government expenditure, and net exports.
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What is the difference between quantity and quality?
same as quantity is something of everything and quality is everything of something
How will consumers react to the incentive of a higher price on a good or services?
The negative incentive will cause consumers to purchase less of a good or service if it is of lower quality
What is the law of economic utility reaction?
Economic utility reaction; this is the degree of economic responsiveness resulting from exploiting a given quantity and quality of production and consumption of a given society for its economic end at a given period of time.The law of economic utility reaction,according to sserubogo;it states that,the degree of economic responsiveness that result from exploiting a given level of national production and consumption towards a given economic end is directly proportional to the level of economic structural adjustment force produced by a given quality and quantity of economic ignition,economic coordination and economic regulation towards that end.Such that, any percentage change in the level of economic ignition, coordination and regulation towards a given economic end, results into a corresponding percentage change in the level of economic structural adjustment force towards that economic end upon which the degree of economic responsiveness towards that economic end depends.
The free-rider problem refers to the difficulty of?
The "free-rider problem" is an economic theory, though it is also referred to in political science and social psychology. It refers to a situation in which benefits given to those who do not pay for them result in some diminishment of either the quality or quantity of resources, goods, or services available to the general public.
How would you describle the quantity and quality of output generated by a former employee?
How would you describe the quantity and quality of output generated by the former employee
What is definition of financial development?
Financial development is usually defined as a process that marks improvement in quantity, quality, and efficiency of financial intermediary services. This process involves the interaction of many activities and institutions and possibly is associated with economic growth.
Difference between quantity and quality?
Quantity is how much of something that you have. Quality is how long something lasts or how "good" it is.
Is circumference a quality or a quantity?
It is quantity.
What is the difference between quantity and quality?
same as quantity is something of everything and quality is everything of something
What do you mean by Quality and Quantity in terms of Geography?
Quality has to do with descriptive characteristics while quantity deals with numerical statistics and analysis.
How much are commercial food packaging supplies usually?
Commercial food packaging supplies will vary greatly depending on the quality and quantity that you wish to purchase. Keep in mind that most companies will give you a discount if you purchase a larger quantity. It could cost $500 or more depending on what it is you need to purchase. http://www.centralrestaurant.com/Food+Wrapping-sn162.html
Why is procurement lead time important?
When acquiring goods or services, it is essential to acquire it at minimal cost while meeting consumer demand in terms of quality and quantity.
How will consumers react to the incentive of a higher price on a good or services?
The negative incentive will cause consumers to purchase less of a good or service if it is of lower quality
Is there any substitute for quality?
Quantity ...
What is the plural form for quantity?
The plural of quality is qualities.
What is the law of economic utility reaction?
Economic utility reaction; this is the degree of economic responsiveness resulting from exploiting a given quantity and quality of production and consumption of a given society for its economic end at a given period of time.The law of economic utility reaction,according to sserubogo;it states that,the degree of economic responsiveness that result from exploiting a given level of national production and consumption towards a given economic end is directly proportional to the level of economic structural adjustment force produced by a given quality and quantity of economic ignition,economic coordination and economic regulation towards that end.Such that, any percentage change in the level of economic ignition, coordination and regulation towards a given economic end, results into a corresponding percentage change in the level of economic structural adjustment force towards that economic end upon which the degree of economic responsiveness towards that economic end depends.
How much quantity of seafood do you need to purchase for your restaurant?
It depends on how big your restaurant is and how many people you expect to serve plus how many seafood dishes you have on your menu
