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What is the worlds largest unified market?
The European Union is considered the world's largest unified market. It consists of 27 member countries and allows for the free movement of goods, services, people, and capital across its borders.
According to the circular flow model which of the following do producers provide to consumers?
wages APEX
Is a producer non living?
Yes, a producer, typically referring to a person or company that creates goods or services, is considered a living entity. They are capable of making decisions, managing resources, and interacting within their environment.
What is the relationship between a consumer and a producer?
A consumer is an individual or organization that purchases goods or services produced by a producer. Producers create products or services to meet the demand of consumers, who in turn provide revenue for the producers. The relationship between consumers and producers is essential for the functioning of a market economy.
What is the definition of goods and services in geography?
In geography, goods are physical products that are tangible and can be bought or sold, such as food, clothing, and cars. Services, on the other hand, refer to intangible products that are provided by individuals or businesses, such as healthcare, education, and banking. Together, goods and services contribute to the economic activity and development of a region.
Is the US the largest producer of goods?
Yes, according to the World Bank, the United States is the largest producer of goods.
What are the three economic systems?
1. What goods and services should be produced? (goverment,producer, consumer) 2. How should these goods and services be produced? (goverment, producer, consumer) 3. For whom should the goods and services be produced?(goverment, producer, consumer)
Which is the World's largest producer of plastic goods?
CHINA
What do you call a person who uses resources to make goods and provide services?
A producer.
Match the role with the actions taken by players in that role.?
consumer- Purchasing goods and services producers-Providing goods and services worker-Making goods and services
What is the amount of a goods or services that an producer is offers for sale?
supply
What does a producer depend on a consumer for?
Producers make goods/services and depend on the consumer to buy them so they can make money and continue making more goods/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 country is the worlds largest exporter of rubber?
Indonesia BUT PROFITS ARE DETERMINED BY WHO CONTROLS THE MANUFATURING OF RUBBER AT THE VARIOUS STAGES OF PRODUCTION OF FINISHED GOODS. CHINA IS NUMBER ONE PRODUCER OF RUBBER USED FOR RUBBER SHOES.
The largest federal government purchase of final goods and services is?
defense
What is the largest federal government purchase of final goods and services for?
Defense
Which country does the text describe as becoming the largest producer and consumer of many of the world's goods?
United States.
