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What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
What are similarities and differences between common goods public goods private goods and natural monopolies?
Public goods are non-excludable, so they suffer from a free-rider problem.
Natural resources that are used to make goods and services are considered .?
labor
Natural resources that are used to make goods and services are considered what?
labor
The resources used to make all goods and services are the?
factors of production
What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
What are some of the goods imported to Trinidad and tobago?
steel,petrochemical,natural gas are some goods imported
What are similarities and differences between common goods public goods private goods and natural monopolies?
Public goods are non-excludable, so they suffer from a free-rider problem.
Why Kenyan exports are primary goods?
exports primary goods. primary good are natural so cotton, crops and anything else natural. it doesnt export manufactured goods as they are to expensive and kenya is an LEDC (low economically developed country)
What are natural resources that are used to make goods and services?
labor
Why is salaries payable a natural debit balance?
cost of goods sold has a natural debit or credit balance
Does cost of goods sold have a natural debit or credit balance?
A natural debit because its an expense which are always debits.
What is Europe's main natural resource?
soler energy,and manufactured goods
What provided the chief means for transporting goods in the south?
natural waterways
What are natural resources that are used to make goods and services considered?
labor
Natural resources that are used to make goods and services are considered .?
labor
Natural resources that are used to make goods and services are considered what?
labor
