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What did colonial cities function primarily as?
mercantile centers for collecting agricultural goods and distributing imported manufactured goods.
What do the Ancient Egyptians pay with?
They used the barter system by trading goods and services for other goods and services.
What are medieval blacksmith prices?
There may have been monetary costs, but just as often as not tradesman used barter as a means to exchange services for services, goods for services or goods for goods. In other words, they traded.
How were goods and services distributed?
they produced and traded goods and services-food, shelter, boomerangs for hunting to satisfy their basic needs. Young men became hunters. young women gathered food and took care of their families. People willingly shared and traded basic goods and services.
Goods and services in the 1800s?
There were many goods and services required in the United States during the 1800's. The goods people needed included tea, coffee, fabric, cotton, sugar, horses, leather, and more. The services required in the colonial states included plow making, horse shoes, mill services, leather tanning, furniture making, veterinarian services, medical care, and others.
How does price changes affect equilibrium?
By serving as a tool for distributing goods and services.
What is an alternative system for distributing goods and services other than price?
barter system
What is a country's system of producing distributing and consuming goods and services called?
Economy or "economic system"
What is the organized set of procedures that a nation follows in producing and distributing goods and services?
Economic System
A system for producing and distributing goods and services?
The system of producing goods and services is called an economy. This system uses humans to produce and sell the goods. When the people have no say in what will be produced or how, this is called a command economy.
What are the acceptable goods and services that must be promised in a contract?
Fixed-pricecontract
What is a warranty that is not in writing but is binding upon business and industry when distributing goods and services in the marketplace?
I believe it is called an implied warrantee.
What warranty is one that is not in writing but is binding upon business and industry when distributing goods and services in the marketplace?
an implied warranty(novanet)
How do prices affect equilibrium?
Price changes affect the equilibrium price and quantity by Serving as a tool for distributing goods and services.
What kinda of warranty is one that is not in writing but is binding upon business and industry when distributing goods and services in the marketplace?
The answer is implied warranty
Is retail sector coming under service sector or not?
RETAIL sector comprise of sales of goods or services to the end user. as such it is a service sector which connotes a service function in terms of distributing goods and services to end-user.
How do price changes affect equilibrium?
Price changes affect the equilibrium price and quantity by Serving as a tool for distributing goods and services.
