by Erin W. 11 years ago
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Government planning and taxation.
Many people rely on Subsistence agriculture. e.g. China, North Korea, Vietnam, and Laos.
Marketplaces in which goods are offered by vendors. Local Taxis, or repair work are also available.
Subsistence farmers work full time to produce their own food. The extra resources are traded or sold.
Children: Takes care of animals and find firewood.Adults: Heavy farm workElderly: Gives advice on stuff affecting family, farm and community and takes care of children.
Organized hunting, fishing, and farming to provide group by Aboriginals.
Economic depression is a time of no employment, low prices, low profits and loss of business.
Make and distribute products or services that can be sold at a greater price then it's original price. Prices where decided by how much supply that was brought to the market.
Entrepreneurship
Ability to recognize business opportunities, and make something successful.e.g. Knowing how to make a successful business, and knowing the factors of a successful business and then not being able to fail.
Capital
Investment money and all that it can buy.e.g. Using your own money to buy a factory, and then producing stuff in the factory.
Land
Natural resources.e.g. Soils, water, forests, animals, and energy resources.
Labour
People are needed to provide the goods. e.g. Farmers have to pick the vegetables to get the goods, miners will have to dig the coal out to receive the goods.
How are goods and services distributed?
For whom are goods and services produced?
How are goods and services produced?
What goods and services are produced?
Who produces goods and services?
