What is the amount of a good or service that a consumer is willing to buy called
🔄 Click to see definition
Definition1/5
Demand is considered what consumers are willing and able to buy.
If the product or service is too expensive, then people won't buy
it because they can't afford it and there will be no demand. If
it's affordable but people don't see the use, they still won't buy
it and there will still be no demand. In order to create demand, a
product has to be both useful and affordable. The more useful and
affordable it is, the more demand there will be.
🔄 Click to see term
Term1/5
What is the simplest way to create capital
🔄 Click to see definition
Definition1/5
the public and private sectors save more erm.. if you mean to create capital letters on a keyboard, the simplest way (that i think) it to press shift. shift is the one with a pointing up arrow? :S :S :S
🔄 Click to see term
Term1/5
In which direction does the demand curve on a graph slant
🔄 Click to see definition
Definition1/5
Downward left to right
🔄 Click to see term
Term1/5
Why do small banks in remote locations sometimes become a subsidiary of a larger bank
🔄 Click to see definition
Definition1/5
To offer more services to the general puclic
🔄 Click to see term
Term1/5
What do the inner arrows of the circular flow model represent
🔄 Click to see definition
Definition1/5
flow of money payments(Kaylop) Factor services ( From household to firms) &
Goods & Services (From firms to households).
[in a 2 sector economy)
🔄 Click to see term
🥳
Great job!
You studied all the cards in this guide.
Rate this guide:
☆★☆★☆★☆★☆★
Start overPrint
Full screen
Rate this Study Guide:
☆★☆★☆★☆★☆★
Cards in this guide (5)
What is the amount of a good or service that a consumer is willing to buy called
Demand is considered what consumers are willing and able to buy.
If the product or service is too expensive, then people won't buy
it because they can't afford it and there will be no demand. If
it's affordable but people don't see the use, they still won't buy
it and there will still be no demand. In order to create demand, a
product has to be both useful and affordable. The more useful and
affordable it is, the more demand there will be.
What is the simplest way to create capital
the public and private sectors save more erm.. if you mean to create capital letters on a keyboard, the simplest way (that i think) it to press shift. shift is the one with a pointing up arrow? :S :S :S
In which direction does the demand curve on a graph slant
Downward left to right
Why do small banks in remote locations sometimes become a subsidiary of a larger bank
To offer more services to the general puclic
What do the inner arrows of the circular flow model represent
flow of money payments(Kaylop) Factor services ( From household to firms) &