Products that are used in the production of other goods and services are called Quizlet

You want to buy an airline ticket to Maui. Yes, MAUI!

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What are products that are used in the production of other goods and services?
What are the manufactured goods called that are needed to produce other goods?
What is something that can be used to produce a good or service?
What is the process used to create goods and services?

You knew that was coming, didn't you? Anyway, you have a choice of flying on several airlines, such as Hawaiian Airlines, Southwest Airlines, United Airlines, American Airlines, and Delta AIrlines. Ultimately, you choose the nice first class ticket from United Airlines, and fly from LAX to Maui in style. This is an example of:
Free contract.
Open opprtunity.
Competition.
Private property rights.

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What are products that are used in the production of other goods and services?

Capital. Capital goods are those goods that are used for further production of other commodities.

What are the manufactured goods called that are needed to produce other goods?

Capital goods are man-made, durable items that businesses use to produce goods and services. Tools, machinery, buildings, vehicles, computers, and construction equipment are types of capital goods. Capital goods are one of the four leading economic factors.

What is something that can be used to produce a good or service?

Factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

What is the process used to create goods and services?

Production – The creation or making of goods and services. The transformation of resources into goods and services. Productivity – The relationship between the output of goods or services and the input of resources.