- Study guides, Class notes & Summaries

Distinguish between economic goods and services (EC:002) (CS) correct answers Economic goods are tangible items that a person wants or need therefore exchanges for money *Ex.* food, clothing, toys ~ Services are also exchanged for money, but an activity or service is provided or preformed. *Ex.* hairdresser, doctor checkup, teacher Explain the concept of economic resources (EC:003) (CS) correct answers Economic resources are the factors behind producing goods or providing services. *land*: th...

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5 pages

Written in 2023/2024

Grade A+

Quillan

Distinguish between economic goods and services (EC:002) (CS) Correct Answer Economic goods are tangible items that a person wants or need therefore exchanges for money *Ex.* food, clothing, toys ~ Services are also exchanged for money, but an activity or service is provided or preformed. *Ex.* hairdresser, doctor checkup, teacher Explain the concept of economic resources (EC:003) (CS) Correct Answer Economic resources are the factors behind producing goods or providing services. *land*: the ...

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5 pages

Written in 2023/2024

Grade A+

ExamsGuru

DECA-PHT Exam Study Guide Distinguish between economic goods and services (EC:002) (CS) - Economic goods are tangible items that a person wants or need therefore exchanges for money *Ex.* food, clothing, toys ~ Services are also exchanged for money, but an activity or service is provided or preformed. *Ex.* hairdresser, doctor checkup, teacher Explain the concept of economic resources (EC:003) (CS) - Economic resources are the factors behind producing goods or providing services. *land...

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10 pages

Written in 2023/2024

Grade A+

ExcellentScores

Distinguish between economic goods and services (EC:002) (CS) correct answers Economic goods are tangible items that a person wants or need therefore exchanges for money *Ex.* food, clothing, toys ~ Services are also exchanged for money, but an activity or service is provided or preformed. *Ex.* hairdresser, doctor checkup, teacher Explain the concept of economic resources (EC:003) (CS) correct answers Economic resources are the factors behind producing goods or providing services. *land*: th...

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5 pages

Written in 2023/2024

Grade A+

SirAnton

Distinguish between economic goods and services (EC:002) (CS) - Economic goods are tangible items that a person wants or need therefore exchanges for money *Ex.* food, clothing, toys ~ Services are also exchanged for money, but an activity or service is provided or preformed. *Ex.* hairdresser, doctor checkup, teacher Explain the concept of economic resources (EC:003) (CS) - Economic resources are the factors behind producing goods or providing services. *land*: the natural resources from t...

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10 pages

Written in 2022/2023

Grade A+

Tulloch