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What is surplus production?
Surplus production occurs when too much of a good is produced. Supply then outweighs the demand.
What is a market surplus?
total production - self consumption = market surplus
What are two levels of production?
two levels of production are: 1-subsistance production2-surplus production
What is the difference between subsistance production and surplus production?
the main difference between surplus and subsistance production are:-subsistance production you only produce or generate enough goods or services for your coutry an with surplusproduction you have sufficient amount of goods for your country an for trading
What service does Buehler provide?
Buehler is the name of many different companies. For example, there is a Buehler's supermarket in Ohio, and there is a Buehler's company that provides service for production lines.
Is the interstate commerce act a valid example of pure socialism?
The Interstate Commerce act has nothing to do with socialism. Socialism has to do with ownership of the means of production and distribution, which means how the surplus value generated by the means of production is used. It is an example of government interventionism in a market-based economy. It did not attempt to change the method of ownership and allocation of surplus value in the railroad industry, nor did it attempt to introduce worker self-management.
Which was the most direct result of the production of the surplus food?
Economic specialization
Which was the most direct result production of the surplus food?
economic specializtion
What are some examples of trade surplus?
One example of trade surplus is South Korea.
What four methods can be used to increase a non-profit organization's surplus?
Are absolute surplu value,relative surplus vslue capitalist production and exchange value methods to increase an organization's surplus
What are the three levels of production?
Core customer value actual product augmented product
Surplus is an excess of production or supply over demand. True or False?
True
