Economists Study the Interactions Between Households and Businesses and Look

question 29

True/False

Economists study the interactions between households and businesses and look at the ways in which the factors of production are combined to produce the goods and services that people need.

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Definitions:

Transportation Networks

Systems of interconnected routes and modes of transport facilitating movement of people and goods.

Shipping

The process of transporting goods by sea, air, or land from one location to another.

Ground Transport

The movement of people or goods using vehicles that operate on roads or tracks, such as buses, trains, or trucks.

M-Pesa

A mobile phone-based money transfer, financing, and microfinancing service, launched in 2007 by Vodafone for Safaricom and Vodacom, primarily in Africa.