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Why have market economies far exceeded all other types of economies in the production of new and better products?
Wiki User
∙ 12y ago
In market economies, firms developing new and better products are often able to earn larger than normal profits.
Wiki User
∙ 12y ago
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Why have market economies far exceeded all other types of economies in the production of new and better production?
in market economies firm develping new and better products are often able to earn larger than normal profits.
Is a market command or traditional economy most likely to come up with new and better products?
A free market economy is more receptive to new products and idea. The freedom offered in such nations helps towards the development of new products. Traditional economies and nations tend to rely on the older methods of product production and are heavily regulated, giving new idea and products less attention.
The use of technology as a stimulus for more and better production had its beginning in?
The use of technology as a stimulus for more and better production had its beginning in the marketing and advertising sectors. This was later introduced to all the other sectors including production.
What types of economy's is most likely to develop new and better products?
A Market economy is most likely to develop new and better products.
How does garments productivity calculated?
Garments Productivity is normally a measurement of how effectively labor and capital are turned into products. It is mostly represented as the amount of output per hour that your garment is capable of producing. For most garments, the higher the production rate, the better. That is why many organizations and companies strive to produce more by using less. Better you calculate the rate of production by using the number of units produced over a certain period of time. This period can range from a month to a year.
Why have market economies far exceeded all other types of economies in the production of new and better production?
in market economies firm develping new and better products are often able to earn larger than normal profits.
Why have market economies far exceeded all other types of economies in production of new and better products?
In market economies, firms developing new and better products are often able to earn larger than normal profits.
Why have markets economies far exceeded all other types of economies in the production of new and better products?
In market economies, firms developing new and better products are often able to earn larger than normal profits.
What does exceede mean?
It means that you exceeded you marked goal.
Is a market command or traditional economy most likely to come up with new and better products?
A free market economy is more receptive to new products and idea. The freedom offered in such nations helps towards the development of new products. Traditional economies and nations tend to rely on the older methods of product production and are heavily regulated, giving new idea and products less attention.
What is the advantages of mass production?
Mass production allows for economies of scale, resulting in lower costs per unit. It also increases efficiency and productivity, leading to greater output in a shorter amount of time. Additionally, mass production can improve product consistency and quality through standardized processes.
How can health conpetion encourage the production quality produce?
The production of high quality products will make the society better, for example the police became more energetic and peace will be prospered.
Is international marketing bad for the world?
There is no reason to believe that international marketing is bad for the world economies. In most cases just the opposite is true. The wider a company's markets reach, the more chance for better competition and better products.
What is difference between XBOX and Sony Playstation?
They're made by separate people and play separate games. They are both out of production and replaced by better products or they are the names of the products and not the models.
What will be better the PS4 or xbox 720?
Both are fictional and do not exist even if they could be in development the products are not a stable design ready for production
What is something the world does better then the US?
Mind it's own business. Care for itself first. Production of consumer products, especially clothing and electronics. Oil and gas production. crop growing
How did textile mills make life better?
They made life better because, products were able to be made faster and more money was being made faster. This mass production furnished jobs and made the cost of textile products less expensive.
