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Why must the government go to business firms to buy resources for production?
Wiki User
∙ 14y ago
Governments do not produce, they consume. However they have to deal with business to acquire the resources they need to operate.
Wiki User
∙ 14y ago
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The government must go to business firms to buy resources for production.?
false A+ users ^^
Who own the factor of production?
Business firms own the factors of production.
The government uses money payments to provide what to business firms and households?
Goods & services :) a+ users
What does the government control in a centrally planned economy?
Everything linked to money and production. Firms, taxes are some examples.
In a competitive market economy firms will select the least-cost production technique because?
such choices will result in the full employment of available resources
The government must go to business firms to buy resources for production.?
false A+ users ^^
Who own the factor of production?
Business firms own the factors of production.
6 What are the advantage and disadvantage of level production schedules in firms with cyclical sales?
The advantage of the level production schedule in firms with cyclical sales is resources and labor are spread evenly. The disadvantage of the level production schedule is that it is a costly exercise.
Which good might be sold to the government by business firms?
all paper
Which of these is not an example of services provided by government to business firms?
workers for their factories
Which is not an example of services provided by government to business firms?
workers for a factory
Which of these goods might be sold to the government by business firms?
all of those goods
What does the government the in a centrally planned economy?
Everything linked to money and production. Firms, taxes are some examples.
Are postage stamps produced by the government?
The vast majority of postage stamps are produced by or under the direction of the government. Mail in most places is a government controlled business. The US used to print its stamps at the Bureau of Engraving and Printing, but currently much of the production is contracted to commercial firms.
Why Ghana i s a mixed factor of production?
because production of goods and services are done or own by both private and government firms or scarce resource are own by both private individual and government
The government uses money payments to provide what to business firms and households?
Goods & services :) a+ users
What does the government control in a centrally planned economy?
Everything linked to money and production. Firms, taxes are some examples.
