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According to the circular flow model which of the following do producers provide to consumers?
wages APEX
What are the two possible outputs from the production process?
The two possible outputs from the production process are goods and services. Goods are physical products that can be touched and seen, while services are intangible offerings that provide benefits to consumers. Both goods and services are created through the production process to meet consumer needs and wants.
What is are pure service examples?
Examples of pure services include consulting, tutoring, coaching, therapy, and software as a service (SaaS). These services primarily involve the exchange of expertise, advice, or intangible benefits, rather than physical goods.
Activities related to the production and distribution of goods and services in a particular geographic region?
This describes economic activities within a region where goods and services are manufactured, exchanged, and consumed. It involves various processes such as production, distribution, marketing, and sales that contribute to the economic development of the area. Examples include agriculture, manufacturing, retail, and services like healthcare and education.
What is the definition of goods and services in geography?
Goods,services is the definition of "Economic Activity" which is the production of goods,services,labor,ect. So basically it is vice versa. Goods and service is'nt a definition is Geography, but is the definition of a geography term. Which is Economic activity.
How do people use currency to provide for goods and services?
People use currency to provide goods and services by spending and buying
In the circular flow of goods and services what does the government use money payment to provide?
Goods and services
What are the characteristics of services compared with goods?
Goods are a tangible item where services are not tangible that provide a value to a consumer.
What is meant by the term provide a services?
goods
What is the difference between manufacturing and services?
Manufacturing produces goods. Services provide services.
What do businesses provide for the outside parties?
Goods and services
What are the objectives of public sector?
1.Ensure the essential goods and services are available for everyone equally; 2.Provide the goods and services that are too important for the security of the country; 3.Provide goods and services that cannot be provided by the private sector.
What types of goods and services do Chester zoo provide?
They provide the service to see animals and sell goods in the shop in chester Zoo.
In the circular flow of goods and services what does the government use money payments to provide?
Goods and services
When might it be desirable for a government to act as producer of goods and services with regards to economics?
Discussion of areas of market failure. This will be expressed in general terms - syllabus mentions the government as a producer of goods and services but does not deal with public and merit goods.
What is a word describing activities that produce goods or provide services?
Industry
Does a bank teller provide goods or services when they cash your check?
That is a service.
