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What has been the result of the short supply in factors of production in Mexico?
Wiki User
∙ 11y ago
Many laborers have sought employment in the United States.
Wiki User
∙ 11y ago
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What is supply in macro economic?
in Macro economics supply may refer to supply of factors of production, labor supply or supply of capital.
What are the 3 factors of economic systems?
Demand-Production-Distribution/Supply
The role of a producer?
the role of producers are organizing business activities supply of various goods efficient utilization of different factors of production expand the demands for various factors of production
What factors cause the supply curve to shift?
Change in: production costs; production environment; price of related good; law; labour demand/price.
What are factors that influence supply?
what are the factors that influence supply
What has been the result of short supply in factors of production in Mexico?
Many laborers have sought employment in the United States.
What has been the result of the short supply factors of production of Mexico?
Many laborers have sought employment in the United States.
What has been the result of the short supply in factors of the product in Mexico?
Many laborers have sought employment in the United States.
What is supply in macro economic?
in Macro economics supply may refer to supply of factors of production, labor supply or supply of capital.
What are the 3 factors of economic systems?
Demand-Production-Distribution/Supply
What are the factors that affect the supply?
There are many factors that affect labor supply. In most cases, this will be determined by the wage rate of the particular industry and the production level expected among other factors.
What are the factors that affect labor supply?
There are many factors that affect labor supply. In most cases, this will be determined by the wage rate of the particular industry and the production level expected among other factors.
What has been the result of the short supply in factor of production in Mexico?
Enforced poverty, as Mexico has been traditionally held as a resource-rich country, without the means (capital, means of production) to extract those resources and generate wealth.This process in changing however; starting since the 1930's, Mexico is having an ongoing industrialization process -- nowadays, Mexico is considered an Emerging Market (EM).
List britain’s 3 factors of production?
Natural Resources Another major reason why the Industrial Revolution began in Great Britain was that it had an abundant supply of what economists call the three factors of production. These factors of production are land, labor, and capital.
The role of a producer?
the role of producers are organizing business activities supply of various goods efficient utilization of different factors of production expand the demands for various factors of production
What factors cause the supply curve to shift?
Change in: production costs; production environment; price of related good; law; labour demand/price.
Importance of price elasticity of supply?
There are four main factors that influence supply elasticity. Those factors are the ability to produce other goods; the ability to shut down and cease business; the ability to take advantage of alternative resources; and the amount of time it takes to respond to changes in price.
