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System in which the central government makes all decisions on the production and consumption of goods and services?
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What is government services?
it is a sevices that the government macks
What does Cardiff local government do?
Local government collects local taxes, it provides local services such as the emergency, social, housing and medical services
Which of the five purposes of government is served when government provides roads electricity postal service parks and trash removal?
Public services
What are businesses set up by the government to provide public services?
government-owned corporations
Which of these services is provided by the national government?
Military Defense
Which of these describes a controlled econmic system?
The government makes decisions about production and distribution of goods and services.
Which person studies the production distribution and consumption of goods and services?
An Economist studies the production distribution and consumption of goods and services
Which person studies the production .distribution and consumption of goods and services?
An Economist studies the production distribution and consumption of goods and services
System that combines the free market with some government intervention?
Market Economy A market economy is a system in which decisions on production and consumption of goods and services are based entirely on exchange, or trade; The answer to this is Mixed Economy.A mixed economy is a system that combines the free market with some government intervention.
Which discipline deals with the production consumption and distribution of goods and services?
economics
What social science is described as people government and societies choose how to use scarce resources I produce items for consumption?
Economics is the social science that studies how individuals, governments, and societies make choices on how to allocate resources to produce goods and services for consumption. It deals with the production, distribution, and consumption of goods and services within a society.
Does the The strength of the economy depends on the balance of production and consumption of goods and services?
true
Define economic system?
is the system of production,distribution and consumption of goods and services of an economy
What is the relationship of economics and socialscience?
Economics is the ssc that analyzes the production, distribution and consumption of goods and services.
What do you mean by consumption?
Consumption is a common concept in economics, and gives rise to derived concepts such as consumer debt. Generally, consumption is defined in part by comparison to production. But the precise definition can vary because different schools of economists define production quite differently. According to mainstream economists, only the final purchase of goods and services by individuals constitutes consumption, while other types of expenditure - in particular, fixed investment, intermediate consumption and government spending - are placed in separate categories. See consumer choice. Other economists define consumption much more broadly, as the aggregate of all economic activity that does not entail the design, production and marketing of goods and services (e.g. the selection, adoption, use, disposal and recycling of goods and services).
If consumption is the process of using things making the things that are used is known as?
Production. It involves creating goods and services for consumption by utilizing resources like labor, technology, and materials. Production is necessary to fulfill the demand generated by consumption.
What is intermediate consumption?
Intermediate consumption is an accounting concept which measures the value of the goods and services consumed as inputs by a process of production. It excludes fixed assets whose consumption is recorded as consumption of fixed capital.
