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The government oversees the production of goods and services

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Cristobal Kuhlman

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2y ago
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Wiki User

12y ago

The cows are needed for meat and after the war all the cows were gone because all the people from the war needed some food and supplies and somewhere to live so that's why why the people from the war killed all the cow for food and supplies.

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Wiki User

15y ago
TWO MAJOR FUNCTIONS OF MANAGERIAL ECONOMICS:-

1. Decision making

2. Forward planning

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Wiki User

10y ago

A purpose of economics is to understand how money works. Other purposes include learning about historical economies and the effects of those economies.

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13y ago

i think the main purpose of economic institution in society is providing goods and services to the society.

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13y ago

To satisfy human needs and wants in an efficient way.

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Q: Function of economics
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The government oversees the production of goods and services. (A+)


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The government oversees the production of goods and services


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A production function measures the relation between?

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What is a hidden production function?

In the field of economics, a production function is a calculation that explains the relationship between what it costs to produce goods and the actual quantity of goods you were able to produce. An example of a "hidden" production function would be money transfers at banks.