--%>

Who will get the goods and services

Who will get the goods and services?

E

Expert

Verified

1. The answer to this question is directly related to how the income is distributed among the individuals and the households and the tastes and preferences of consumers.

2. Products go to those who are willing and able to pay for them.

3. The productivity of the relative supply as well as the resources of particular resources also the possession of resources will determine the income of individuals and households.

4. The resource markets are linked to this decision, which conclude income.

   Related Questions in Business Economics

  • Q : How demand is influenced by price

    Describe how the demand for a good is influenced by the price of its associated goods. Give illustrations.

  • Q : Laissez-faire philosophy of government

    As per to the laissez-faire philosophy of government,: (1) economy works best while all investment decisions are centralized. (2) market system works best along with only minimal government intervention. (3) government must be restricted to stabilizin

  • Q : Other things equal assumption helps

    Explain the statement: “The other things equal assumption helps isolate key economic relationships.”?

  • Q : How can we evaluate cost of capital How

    How can we evaluate cost of capital?

  • Q : Explain about the successful speculation

    Successful speculation tends to: (1) generate inflationary pressure. (2) assist stabilize relative prices. (3) reduce the incomes of the eventual producers of goods. (4) make relative prices more volatile. (5) increase the risk born through the eventu

  • Q : Define Operating income approach

    Describe briefly Operating income approach?

  • Q : Argument by Adam Smith for a true

    Within the Wealth of Nations, argument by Adam Smith such that a nation’s true wealth is its capability to: (1) obtain stocks of financial capital. (2) inspire its people’s courage and diligence. (c) give

  • Q : Perfectly competitive market and its

    Which of the given is not a characteristic of a perfectly competitive market structure: w) there are a very huge number of firms which are small compared to the market. x) All firms sell the same products. y) There are no restrictions to entry through

  • Q : Resource market for economic capital

    Janet has loaned a start-up coffee house $50,000 and predicts to earn interest from her financial investment. In circular flow model this transaction is an illustration of: (1) An exchange of her saving for interest, via a resource market for the economic capital. (2)

  • Q : Married men on average earn more income

    Studies indicate that married men on average earn more income than unmarried men of the same age?