Light Industry
For industrial goods new technology and robotsfor consumer goods Electronic equipment, watches, small appliances and calculators
For industrial goods new technology and robotsfor consumer goods Electronic equipment, watches, small appliances and calculators
For industrial goods new technology and robotsfor consumer goods Electronic equipment, watches, small appliances and calculators
Made to Assemble is a type of manufacturing production. Made to Assemble manufacturing creates goods that reach the consumer in many separate pieces that they must assemble.
Land and water resources are central to agriculture and rural development, and are intrinsically linked to global challenges of food insecurity and poverty, capital goods are any goods used to help increase future production. Consumer goods are those used by consumers and have no future productive use. Capital goods are goods used by one business to help another business produce consumer goods. Consumer goods are used by consumers and have no future productive use. Capital goods include items like buildings, machinery, and tools. Examples of consumer goods include food, appliances, clothing, and automobiles. The same physical good could be either a consumer or capital good, depending on if it's used by a business in the production process, or purchased for consumption and not intended for production or profit.
Factory system
Factory system
Small manufacturing can be done in homes and small shops. When a business does this they are usually in the start up phase.
what are the functions of the retailer and wholesaler in the distribution of goods and servicesAnswerFUNCTIONS OF A WHOLESALERThe primary functions performed by the wholesalers are as follows:i. He assembles varieties of goods from different producers. In case of agricultural goods, he collects small quantities of goods from numerous small-scale producers and store in his godown.ii. He stores the assembled goods in proper warehouse till the goods are sold. Warehousing or storing of goods fills up the time gap between the production and consumption.iii. He distributes the assembled goods to the retailer or to the consumer directly. He thus helps in the dispersion process of marketing.iv. He helps in the transportation of goods form the place of production to his godown and to the retailer.v. He provides financial assistance to the retailers by supplying products on credit.vi. He helps in proper grading of goods as per quality, size and colour.vii. He involves all the risks associated with the ownership as he makes bulk purchases and makes arrangement for assembling and warehousing.FUNCTIONS OF A RETAILERRetailers perform a number of functions. These are:· The retailer buys a variety of products from the wholesaler or a number of wholesalers. He thus performs two functions like buying of goods and assembling of goods.· The retailer performs storing function by stocking the goods for a consumer.· He develops personal contact with the consumers and gives them goods on credit.· He bears the risks in connection with Physical Spoilage of goods and fall in price. Besides he bears risks on account of fire, theft, deterioration in the quality and spoilage of goods.· He resorts to standardization and grading of goods in such a way that these are accepted by the customers.· He makes arrangement for delivery of goods and supply valuable market information to both wholesaler and the consumer.
Favor big buisness over small
Pancreas
in a pure capitalist Prices are determined by the price mechanism their market failures their over provision of dis-merit goods and under provision of merit goods no provision of public good Profit motive Extreme Competition Less bureaucracy Consumer sovereignty