The economic region of production shows the combinations of factors at a certain cost that make economic sense. Areas outside the economic region of production mean that at least one of the inputs has zero or negative marginal productivity. This region is marked by what are called ridge lines, which are simply the boundaries beyond which one of the two factors is being overused. Therefore, outside the economic region of production, there is clear inefficiency, and the company would be better of using less of one of the two factors, bringing costs down whilst maintaining equal production output. Graphically:
A region depending on the money and other Example: a poor city
Well, an economic region would be a region that has produced goods and services. A physical region is is a region that includes landforms such as mountain and etc. So, an economic region is not a physical region.
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
because it include all production values, so it is imperfect measure of the total production in the economic.
Southeastern Region
lots of love here down in the south yawww just to let my wiggler jibble im going to sattle that yank
Major economic activities in the Persian Gulf and interior areas of the region include oil production, farming, and gas production.
The Western region of the United States, which includes states like California, Washington, and Texas, has a combined economic production that ranks as the fourth largest in the world. This region is known for its diverse industries, including technology, entertainment, and oil production.
The northern region, thanks to increased industrial production created by the North American Free Trade Agreement (NAFTA) implementation.
Economic activities are related to the production and distribution of goods and services in a particular geographic region.
Wine production; forestry; agriculture and food production. Also chemical industry, defence aeronautics and pharmaceuticals.
An economic region is a producing goods region.
An economic region is a human region, since economic activity is a human activity.
The system or range of economic activity in a country, region, or community.
Well, an economic region would be a region that has produced goods and services. A physical region is is a region that includes landforms such as mountain and etc. So, an economic region is not a physical region.
middle: Logging, shipbuilding, textiles production, and papermaking northern:
Yes. Economics are purely a human concept, so an economic region is a "human defined region"
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.