Table of Contents
- 1 Which of the following are definitely examples of tangible resources?
- 2 Is the buying and selling of tangible products quizlet?
- 3 What is the accumulation of goods that are tangible?
- 4 What are tangible items produced for personal use?
- 5 What is a useful tangible item?
- 6 Is a tangible item that is economically useful or that satisfies an economic want?
- 7 Which is an example of a tangible product?
- 8 What are tangible goods that can be touched?
- 9 What kind of products can’t be held in your hand?
Which of the following are definitely examples of tangible resources?
Hard currency, equipment and real estate are all examples of tangible resources.
Is the buying and selling of tangible products quizlet?
Merchandise trade is the buying and selling of tangible products, whereas service trade is the buying and selling of intangible services.
What is the accumulation of goods that are tangible?
Wealth – accumulation of those products that are tangible, scarce, useful and transferable from one person to another.
What is another word for the accumulation of tangible stuff that has value and utility?
Wealth is the accumulation of these tangible and useful goods.
What is a tangible item that is produced and sold to consumers?
Terms in this set (27) Goods. tangible items that are made, manufatued or grown that people want to buy and use. Services.
What are tangible items produced for personal use?
5.01 Vocabulary Games
| A | B |
|---|---|
| Consumer | Anyone who uses goods and services. |
| Consumer goods | Tangible items produced for personal use |
| Consumption | The process or activity of using goods and services. |
| Demand | The quantity of a good or service that buyers are ready to buy at a given price at a particular time |
What is a useful tangible item?
a useful, tangible item, such as a book, car or MP3 player, that can be used to satisfy a need or want. a good intended for final use by individuals, such as shoes, a shirt, or an automobile. Capital Good. a tool or good such as a machinery or equipment that is used by businesses to produce other products.
Is a tangible item that is economically useful or that satisfies an economic want?
`ECONOMICS CHAPTER 1
| A | B |
|---|---|
| GOOD | AN ITEM THAT IS ECONOMICALLY USEFUL OR SATISFIES AN ECONOMIC WANT |
| CONSUMER GOOD | AN ITEM INTENDED FOR FINAL USE BY INDIVIDUALS |
| CAPITAL GOOD | A MANUFACTURED ITEM USED TO PRODUCE OTHER GOODS AND SERVICES |
| SERVICE | WORK THAT IS PERFORMED FOR SOMEONE |
What is the accumulation of products that are tangible scarce have utility and are transferable from one person to another *?
Economics, Chapter 1
| A | B |
|---|---|
| The capacity to be useful to someone | Utility |
| The sum of those economic products that are tangible, scarce, useful, and transferable from one person to another. | Wealth |
| The process of creating goods and services | Production |
| The efficient use of productive resources | Productivity |
What are tangible items?
Tangible items are those that have a physical existence, in contrast to “intangible” assets, such as a patent for specific products, company trademarks or “goodwill” relationships with suppliers and manufacturers, whereby discounted terms can be negotiated.
Which is an example of a tangible product?
Products are also defined as tangible or intangible. Tangible products are physical products that you can touch, feel and see. The majority of products in the world are tangible. Intangible products are products that aren’t physical, but that people can perceive or easily understand. For example, health insurance is an intangible product,
What are tangible goods that can be touched?
Goods that are tangible include anything that can be physically touched, including things like printed books, CDs and DVDs, lamps, groceries, and baseball bats. One of the easiest ways to determine whether a good is tangible or not is to ask if a person could physically touch it or pick it up. If the answer is yes, the good is tangible.
What kind of products can’t be held in your hand?
Tangible products such as computers, food, clothing, cars, and appliances. Services Intangible products (i.e., products that can’t be held in your hand) such as education, health care, insurance, recreation, and travel and tourism.
How are tangible goods different from intangible goods?
Tangible goods are physical products defined by the ability to be touched. They are distinct from intangible goods, which may have value but are not physical entities. Goods that are tangible play a large part in retail, though the purchasing of intangible goods is now widely available through the Internet.