Question

what is the role and significance of goods and services in an economy
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Answer 1

Answer:

In an economy, the production and consumption of goods and services are used to fulfill the needs of those living and operating within it. Market-based economies tend to allow goods to flow freely through the market, according to supply and demand.

Answer 2

In an economy, the production and consumption of goods and services are used to fulfill the needs of those living and operating within it. Market-based economies tend to allow goods to flow freely through the market, according to supply and demand.