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spillover cost

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Q: Costs of a production that affect people who have no control over how much of a good is produced?
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What are costs of production that affect people who have no control over how much of a good is produced?

a supply shock


How does trade affect production and consumption in each country?

Goods are produced to make money. If people want the goods and can afford them, they will purchase these goods and this will cause the producer to make more of these goods.


Socialist systems often have mixed economies because the state?

Socialist societies do not have ‘mixed economies’ or a state. The means of production are owned by all the people in common and production takes place to meet human nee, with free access to what is produced.


Importance of food production?

Food production is important for survival. People cannot live without food. The species would die out of food was no longer produced.


Is it fair that in a command economy the government owns and controls all aspects of the economy?

As this is a question seeking an opinion, this answer is an opinion as well. It is not "fact".NO. It is repugnant that the government should be the sole voice in determining what products should be produced and which products should remain unproduced. The government still has a valuable role in incentivizing production of some products and banning or de-incentivizing production of other products, but putting control of production exclusively in government hands has repeatedly produced product shortfalls, starvation, and overproduction of undesired products. Command economies have led to the death or malnutrition of millions of people.

Related questions

What are costs of production that affect people who have no control over how much of a good is produced?

a supply shock


How does paper production affect people?

Wood is consumed to print shit and wastes are produced.


Cost of production that affects people who have no control over how much of a good is produced?

spillover cost


How does trade affect production and consumption in each country?

Goods are produced to make money. If people want the goods and can afford them, they will purchase these goods and this will cause the producer to make more of these goods.


Marx believed that the should completely control production?

The people should control production and distribution. Production should take place to meet human need.


Where does soil erosion affect people and animals?

Through food production and availability.


Socialist systems often have mixed economies because the state?

Socialist societies do not have ‘mixed economies’ or a state. The means of production are owned by all the people in common and production takes place to meet human nee, with free access to what is produced.


Importance of food production?

Food production is important for survival. People cannot live without food. The species would die out of food was no longer produced.


How do landforms affect how people live?

landforms control the weather of a region


What is the type of economy where government controls all industry and production?

State capitalism. In Socialism it is the people who control production and distribution, the aim of production being to meet human need.


How did the Industrial Revolution affect the standard of living for people in industrial countries?

The industrial revolution affected the standard of living for people in industrialized countries by improving food production and lowering production costs.


What is socialism characterized by?

Government ownership of most productive resources