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Economic Resources

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What is means through which goods and services are produced?

The means through which goods and services are produced refer to the resources and factors of production utilized in the creation process. These typically include land (natural resources), labor (human effort), capital (machinery and tools), and entrepreneurship (the ability to organize and manage production). Together, these elements contribute to the efficient production and distribution of goods and services in an economy.


What are the similarities between goods and services?

goods are tangible and transferable , services are not


Which best explains the profit motive?

The desire to make money through the production of goods and services.


What are the means to produce goods and services?

factors of production


What does the phrase amounts due for undelivered goods slash services mean?

It means there is an outstanding debt for some goods or services you have received.


What are medieval blacksmith prices?

There may have been monetary costs, but just as often as not tradesman used barter as a means to exchange services for services, goods for services or goods for goods. In other words, they traded.


What does a consumer mean?

It means a person who uses goods and services


How are goods and services marketed?

Through Marketing and mass marketing


The means by which goods and services are bought and sold freely is known as a?

Market


The means by which goods and services are bought and sold freely is known as?

Market


How is a country economic well being enhanced through free international trade in goods and services?

how is country's economic well being enhanced through free international trade in goods and services


How would you describe routinization in the marketing channel?

Routinization refers to the means by which transaction processes are standardized to improve the flow of goods and services through marketing channels.