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How can a boom period affect the availability of raw materials and labor?
Wiki User
∙ 12y ago
Boom period is a time when the economy is booming meaning lots of money is contributing to the economy. Its affects the raw materials by making it cheaper input prices among buisnesses due to the boom in the economy and labour wages/salaries would be affected because due to the business having money, it won't kick any workers out, and pay have a pay raise to keep the staff happy and productive.
Wiki User
∙ 12y ago
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What factors affect resource demand?
There are a number of factors that affect resource demand. Some of them include amount of labor, income prices of the related aspects, availability of the resources and so much more.
What are the factors that affect primary industry?
1. Availability of Power : Nearness to source of power or availability of power supply in an area will reduce the cost of production.In other words, this will fetch a higher income for a company as the money would be saved for the production of other goods or payment of employee salary. 2. Availability of Labor : Efficiency of labor is an important factor affecting location of industry. A higher labor force will improve production process for goods with elastic effect will create revenue.In other hand, diminishing return will be applied if more or more labor for industry. 3. Local government policies : Government policies might influence the location of industry. A favorable government policy will improve the location of industry as funds and other forms of incentives will be given to industry for the purchase of raw materials. This will help in the development of technology that will improve production of goods . 4. availability of infrastructure : Infrastructural facilities like water, good and available transport system are provide for the location of industry. 5.Availability of raw materials,capital,transport and market 6.Incentives (e.g, importation of machinery from Europe )
What is labor in economics?
Labor is work done for wages. Labor Economics is the study of the economics surrounding labor. Researchers may study what choices affect the decisions concerning labor.
What are five factors that affect the labor market?
no
What factors affect division of labor?
unskilled staff
Factors that affect the location of a business?
Availability of raw materials - resources , sufficient power supply , large labor supply , money for investment in industries , efficient transportation system, closeness to markets, cities, towns, and incentives to attract industry are factors that affect industry location
How much do tile floors cost?
It depends upon the type of tile, the area to be tiled, the availability of materials and labor, among other things.
What factors affect demand?
There are a number of factors that affect resource demand. Some of them include amount of labor, income prices of the related aspects, availability of the resources and so much more.
What is conversion cost pricing?
Pricing is based on direct labor and overhead. Materials does not affect pricing. Example: Your customer provides materials used in production.
What factors affect resource demand?
There are a number of factors that affect resource demand. Some of them include amount of labor, income prices of the related aspects, availability of the resources and so much more.
What factors affect the choice of a location of a city?
The factors that influence the location of industries are: 1. Availability of Water 2. Availability of Power : Nearness to source of power or availability of power supply in an area will reduce the cost of production.In other words, this will fetch a higher income for a company as the money would be saved for the production of other goods or payment of employee salary. 3. Availability of Labor : Efficiency of labor is an important factor affecting location of industry. A higher labor force will improve production process for goods with elastic effect will create revenue.In other hand, diminishing return will be applied if more or more labor for industry. 4. Local government policies : Government policies might influence the location of industry. A favorable government policy will improve the location of industry as funds and other forms of incentives will be given to industry for the purchase of raw materials. This will help in the development of technology that will improve production of goods . 5. availability of infrastructure : Infrastructural facilities like water, good and available transport system are provide for the location of industry. 6.availability of raw materials,capital,transport and market 7.incentives (e.g, importation of machinery from Europe )
What are the factors that affect primary industry?
1. Availability of Power : Nearness to source of power or availability of power supply in an area will reduce the cost of production.In other words, this will fetch a higher income for a company as the money would be saved for the production of other goods or payment of employee salary. 2. Availability of Labor : Efficiency of labor is an important factor affecting location of industry. A higher labor force will improve production process for goods with elastic effect will create revenue.In other hand, diminishing return will be applied if more or more labor for industry. 3. Local government policies : Government policies might influence the location of industry. A favorable government policy will improve the location of industry as funds and other forms of incentives will be given to industry for the purchase of raw materials. This will help in the development of technology that will improve production of goods . 4. availability of infrastructure : Infrastructural facilities like water, good and available transport system are provide for the location of industry. 5.Availability of raw materials,capital,transport and market 6.Incentives (e.g, importation of machinery from Europe )
How does poor quality materials affect direct labor variance?
If poor quality materials are used it may cause insufficient demand for the products. Insufficient demand may not keep workers busy. If the workers are not being laid off, and unfavorable labor efficiency variance will often be recorded.
How does migration affect internal labor market?
Migration can affect the internal labor market by increasing competition for jobs, which can drive down wages and job security for local workers. It can also lead to changes in the composition of the workforce, potentially impacting the availability of certain skills and preferences for certain job roles. Additionally, migration can create cultural shifts in the workplace, affecting company dynamics and communication among employees.
Are indirect labor and materials part of Factory Overhead?
Would overhead include indirect materials and indirect labor?
Why brick is popular in Bangladesh?
labor cost is cheap and availability of raw material;
What gains did women make in politics in the 1920s?
rights and more labor availability
