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Goods are items that are usually (but not always) tangible, such as pens or apples. Services are activities provided by other people, such as teachers or barbers.Taken together, it is the production, distribution, and consumption of goods and services which underpins all economic activity and trade.
An inelastic good is one for which there are few or no substitutes, such as tickets to major sporting events, [8] original works by famous artists, [1] and prescription medicine such as insulin. Complementary goods are generally more inelastic than goods in a family of substitutes. For example, if a rise in the price of beef results in a ...
A modern automobile assembly line. Mass production, also known as flow production, series production, series manufacture, or continuous production, is the production of substantial amounts of standardized products in a constant flow, including and especially on assembly lines.
Produksi Film Negara (State Film Productions, abbreviated as PFN) is an Indonesian state-owned film funding company, [1] previously a film production company. PFN is one of the pioneers in Indonesian film industry at the time when it is formed. [2] [3] PFN started as Java Pacific Film (JPF) which founded by Albert Balink in Batavia. JPF undergo ...