What would you like to do?
What are the factors of production that influence the economies of the US Great Britain and China?
the factors that influence the types of production a business should use are:- the size of the market,the type of production demanded,technological aspects of the product that… is demanded andis it able to be produced by using the flow production method.
-exploration and colonialism -sea power -political stability -government support -growth of private investment
The factors of production contributed to the industrial revolution. The improvements in the process of productions (land,labor and capital) so more people were inventing n…ew tools or machinery which led to a great amount of products in other words it was the industrial revolution. England is said to be the nation where the industrial revolution began in the early 18th century.
An employee's capacity, tools used on the job and the type of incentive given all affect productivity. With the right tools, employees can increase their chances at meetin…g production each day.
Britain owed money to the United States from the war.
yes great Britain has mixed economy(more in past than now). The economy is mixed because business are allowed to decide how they control their finances and transport is owned …by coropations but services like health care and education are paid for by the government.
Well you could modify land in order to make it more productive to the task. If it is an agricultural enterprise,you could till land. You could also provide government … incentives for utilization of land for specific purposes - for example some governments may give tax breaks if certain parcels of land are used for a particular industry by private enterprise. Labor can be improved by better education and training supported by government policies. Capital would be improved by making more fixed investment - producing certain kinds of machines, quality control standards etc. Enterprise can be encouraged by attracting foreign direct investment or inciting MNCs to invest in your country. Incentives can also be given to entrepreneurs.
1. The level Of Competition 2. Perceived value of your product 3. Product development cost 4. Economic trend 5. Level of market demand 6. Demographics 7. Class of target…ed customers Etcetera etcetera etcetera.
A capitalist free market economy that is more geared towards the service sector these days
Money. It's an addictive drug which made Great Britain a lot of money. It's the same reason that tobacco was the major cash crop of the America's; it's addictive and once peo…ple are addicted they will buy a lot of it. Because China was addicted and paid for it. That was just big business for the EIC.
Allowing free use of the Mississippi River for trade.
A market economy. The economy of the United Kingdom is the sixth-largest national economy in the world measured by nominal GDP and seventh-largest measured by purchasing power… parity (PPP), and the third-largest in Europe measured by nominal GDP (after Germany and France) and second-largest measured by PPP (after Germany). Please see the link below
Factors affecting production are labour, capital, land, entrepreneurial skills and law of diminishing returns
i believe its a market economy.