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What means to produce a large number of goods that are exactly alike?
Wiki User
∙ 12y ago
Mass Production
Wiki User
∙ 12y ago
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What is the making of large quantities of goods that are exactly alike?
Such a term is commonly known as mass production.
Did China produce goods?
Yes, China did produce goods.
What commodities are produce how are goods produce and for whom are goods produce?
they let the customers and citizens decide.
What exists when a large number of firms produce goods that are similar but are perceived by buyers as being different?
Monopolistic competition is when a large number of firms produce goods that are similar but are perceived by buyers as being different. When the entire supply of a product is from one seller it is a monopoly.
What assumptions are made in the Perfect competition model of a market?
Perfect competitionperfect competitionModel of the market based on the assumption that a large number of firms produce identical goods consumed by a large number of buyers. is a model of the market based on the assumption that a large number of firms produce identical goods consumed by a large number of buyers.
The invention of spinning and weaving machinery increased the number of workers in the textile industry in Europe because?
the demand for goods increased as goods became cheaper to produce
Who determines what goods to produce in the economy?
It is the demand and supply which determines the goods and services to produce in the economy.
What are the four basic questions of economy?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
For whom do you produce goods and services?
That's easy, you produce them for customers.
Manufactured goods needed to produce other goods and services are called?
Capital Goods.
Calculation of FOH?
Factory overhead costs (FOH) helps determine the final cost per piece of the goods produced. FOH is calculated by taking the number of finished goods and dividing that number into the total cost to produce.
The making of a large quinties of goods that are exacly alike?
Mass production.
