What would you like to do?
What are the factors of production that influence the economies of the US Great Britain and China?
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
China is still a communist nation. The government strongly influences the economy by its policies, taxes, and other procedures.
i believe its a market economy.
The leaders of China, Russia, Great Britain, and the United States were known as the Big Four. They were the largest players in the Allied Powers during World War II.
About 25% of Britain's land is arable, and almost half is suitable for meadows and pastures. Its agriculture is highly mechanized and extremely productive; about 2% of the lab…or force produces 60% percent of the country's food needs.
Britain owed money to the United States from the war.
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
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.
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.
They wanted to expand their global empire and open their markets to Far East goods, specifically silk and opium.
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.
made it strong like poeye