Companies As Object Of Experience In BA Flashcards
0
Q
To which economy belong the households?
A
The consumption economy
1
Q
What are the two types of households?
A
Private households and Public authorities
2
Q
Cover only their own needs and mainly use consumer goods
A
Households
3
Q
What is the main characteristic of a private household?
A
Cover its own individual needs
4
Q
What is the main characteristic of a public authority in term of needs?
A
It defines its needs according to the needs of private houselholds
5
Q
To which economy belong the companies and factories?
A
Production economy
6
Q
What is the main characteristic of the production economy?
A
Its members cover the needs of others
