0
What is it called when the economy is producing less than capacity?
Wiki User
∙ 11y ago
A cyclical downturn, a bust, a recession: it depends on how serious it is and how long it lasts.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What are negative effects of production technology?
If production technology increases output faster than the economy can asbord the product, you end up with surplus inventory and unfavorable (for the company) supply/demand situations. Increasing your capacity to produce results in producing at less than capacity as market demand pulls product out of your factory at a slower rate than you can manufacture it, likely causing you to operate less efficiently than you could at your optimum levels.=)
Why is primary sector important to a country's economy?
The sector of an economy making direct use of natural resources. This includes agriculture, forestry and fishing, mining, and extraction of oil and gas. This is contrasted with the secondary sector, producing manufactures and other processed goods, and the tertiary sector, producing services. The primary sector is usually most important in less developed countries, and typically less important in industrial countries.
The negative slope of the production possibilities curve illustrates?
when resources are fully employed, an economy can produce more of one thing only by producing less of something else
The negative slope of the production possibilities curve illustrates that?
when resources are fully employed, an economy can produce more of one thing only by producing less of something else
What is a primary industrial sector?
The primary sector of the economy can be defined as the sector of an economy making direct use of natural resources. This includes agriculture, forestry and fishing, mining, and extraction of oil and gas. This is contrasted with the secondary sector, producing manufactured and other processed goods, and the tertiary sector , producing services. The primary sector is usually most important in less developed countries, and typically less important in industrial countries
What is Agricultural economy?
An agricultural-based economy is an economy in which everything starts with how well agriculture in that society is. Such as in the Ancient Mesopotamian society in which a surplus caused by agriculture led to job specialization, which in turn led to more manufacturing, which led to more trade, which would then lead to a richer economy. But if the farming is not producing enough food, then more workers will have to work in agriculture which leads to less manufacturing/specialized jobs, which in turn leads to less trade, and then a poor-er economy.
Why do you have a less developed economy?
we have a less developed economy because of the corruption of the government.
What is an agricultural-based economy?
An agricultural-based economy is an economy in which everything starts with how well agriculture in that society is. Such as in the Ancient Mesopotamian society in which a surplus caused by agriculture led to job specialization, which in turn led to more manufacturing, which led to more trade, which would then lead to a richer economy. But if the farming is not producing enough food, then more workers will have to work in agriculture which leads to less manufacturing/specialized jobs, which in turn leads to less trade, and then a poor-er economy.
What is a major problem with Africa having an export economy?
It makes the economy of Africa less stable.
What does it mean vital capacity decrease?
vital capacity is the amount of air inspired, 450-500so if it is less than 450 ml its called decrease vcvc is measured by using spirometer
Water changes temperature less readily than other liquids because it has High?
It's called specific heat capacity.
During the industrialization of a country the economy becomes less dependent on?
During the industrialization of a country, the economy becomes less dependent on?
