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What is an example of specialization in economics?
In a pin factory one worker measures the wire, another cuts it, one points it, and others make the head and so on. In this manner the workers produce thousands more pins than they would if each worker made a whole pin by themselves.
Why do prices and production often change?
Because markets cannot adjust instantly, and even if they could they would still adjust constantly. These levels change because the factors of production are constantly changing. Imagine a market for a particular good is in perfect equilibrium - say for cars. Now say that a worker on the factory assembly line that builds that car decides to retire. The factory now must train a new worker, which will cost money, deal with the fact that they aren't as fast or efficient at their job as the previous, more experienced worker, which will cost money, etc etc etc. This simply act by one worker on an assembly line would throw the whole equilibrium out of whack, forcing an adjustment. Now think of all the other things that go on that would affect the assembly of cars.
Why do prices and production levels often change?
Because markets cannot adjust instantly, and even if they could they would still adjust constantly. These levels change because the factors of production are constantly changing. Imagine a market for a particular good is in perfect equilibrium - say for cars. Now say that a worker on the factory assembly line that builds that car decides to retire. The factory now must train a new worker, which will cost money, deal with the fact that they aren't as fast or efficient at their job as the previous, more experienced worker, which will cost money, etc etc etc. This simply act by one worker on an assembly line would throw the whole equilibrium out of whack, forcing an adjustment. Now think of all the other things that go on that would affect the assembly of cars.
Would the owner of a large Canadian motorboat factory support free trade?
That depends somewhat on the political orientation of the factory owner, and also on the competitive position of the factory. Free Trade makes selling in other countries easier and thus provides additional sales opportunities. But it also carries to possibility of more domestic competition from factories in other countries.
Why do you think a worker would be prepare to work for a very low wage?
their working experience are lower
What are the pros and cons of factor retraining in a factory that uses robots?
If the factory used robots, it would not need workers and therefore if you are a worker in a factory you would not need training in a factory that used robots because you would not be needed to work in that factory.
What do you call a man that works in a factory with machines?
A factory worker, machine worker or machine operator. Depending on the job, the man might even be called a "machinist" which would imply a highly skilled job.
Why did female factory worker ls like charlotte Woodward support the women' s rights movements?
Because she felt that if they got womens rights, she would be free and would not have to work suggestive of hard and in such miserable conditions... WikiAnswers ON!!
If the target market of blue jeans were factory worker how would the marketing mix change?
Mm
What would factory worker do to change problems that are in the factory?
It was very hard to work in a factory. You had long hours and very little pay. Men were paid:Little, women:less, and children: least of all. You get the jist, it was a bad time. Factories are bad.
How many employees work for GM?
It depends on what kind of employee. A factory worker would make a different amount of money than the CEO.
What is the difference between blue-collar worker and a white collar worker?
If you think of someone who wears a suit with white shirt, that is a white collared worker. That person would have an education above high school (usually) and work in place like a bank or business.A blue collar worker would be someone who usually wears causal clothes to work. He would work in a factory or some other industry like car repair.
What is the difference between a blue collar worker and white collar worker?
If you think of someone who wears a suit with white shirt, that is a white collared worker. That person would have an education above high school (usually) and work in place like a bank or business.A blue collar worker would be someone who usually wears causal clothes to work. He would work in a factory or some other industry like car repair.
Would it be nonessential worker or non-essential worker With or without hyphen?
Do you work to support yourself or any family?
If the property size is 144 units and 35 percent of them are factory workers how many factory workers live at your property?
144 * 35/100 ~= 50.4 workers. Since you can't have a fractional worker, the answer would be rounded to 50 workers.
What is a real-world situation in which you would find the surface area of a cylinder?
You would need to know the surface area of a cylinder if you are a factory worker at Pepsi. You would need to know the dimensions of the label, so it will fit on the can.
How might a German factory worker might have reacted to the ideas of Sidney Bradshaw fay in 1928?
Fay claimed that Germany was too readily blamed for the war and that a great deal of the responsibility instead rested with the Allies, especially Russia and Serbia. A German factory worker would probably agree with Fay claiming that other countries were the cause of the war.
