W wxx Guest Jun 15, 2008 #1 Discuss the order of the following terms as they relate to goods and services: consumption, production, and purchase.
Discuss the order of the following terms as they relate to goods and services: consumption, production, and purchase.
C Cthulhu fhtagn! Guest Jun 15, 2008 #2 production - stuff is made purchase - consumer buys stuff in a shop consumption - consumer eats stuff
production - stuff is made purchase - consumer buys stuff in a shop consumption - consumer eats stuff
C Chrisi T Guest Jun 15, 2008 #3 1 production - The product has to be made. 2 purchase - The product has to be bought. 3 consumption - The purchaser has bought the product and uses or consumes it.
1 production - The product has to be made. 2 purchase - The product has to be bought. 3 consumption - The purchaser has bought the product and uses or consumes it.
