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What are costs of production that affect people who have no control over how much of a good is produced?
a supply shock
How does trade affect production and consumption in each country?
Goods are produced to make money. If people want the goods and can afford them, they will purchase these goods and this will cause the producer to make more of these goods.
What is and Costs of production that affect people who have no control over how much of a good is produced referring to?
Costs of production refer to the expenses incurred by businesses in creating goods or services, including costs like raw materials, labor, and overhead. People who have no control over production levels, such as consumers or workers in affected industries, may face fluctuations in prices and job stability due to changes in these costs. For instance, if production costs rise, companies might increase prices, impacting consumers' purchasing power, or they may cut jobs to maintain profit margins, affecting workers' livelihoods. Thus, production costs can significantly influence the economic well-being of individuals who are not directly involved in the production process.
Socialist systems often have mixed economies because the state?
Socialist societies do not have ‘mixed economies’ or a state. The means of production are owned by all the people in common and production takes place to meet human nee, with free access to what is produced.
Importance of food production?
Food production is important for survival. People cannot live without food. The species would die out of food was no longer produced.
What are costs of production that affect people who have no control over how much of a good is produced?
a supply shock
How does paper production affect people?
Wood is consumed to print shit and wastes are produced.
Cost of production that affects people who have no control over how much of a good is produced?
spillover cost
How does trade affect production and consumption in each country?
Goods are produced to make money. If people want the goods and can afford them, they will purchase these goods and this will cause the producer to make more of these goods.
Marx believed that the should completely control production?
The people should control production and distribution. Production should take place to meet human need.
What is and Costs of production that affect people who have no control over how much of a good is produced referring to?
Costs of production refer to the expenses incurred by businesses in creating goods or services, including costs like raw materials, labor, and overhead. People who have no control over production levels, such as consumers or workers in affected industries, may face fluctuations in prices and job stability due to changes in these costs. For instance, if production costs rise, companies might increase prices, impacting consumers' purchasing power, or they may cut jobs to maintain profit margins, affecting workers' livelihoods. Thus, production costs can significantly influence the economic well-being of individuals who are not directly involved in the production process.
What farming allowed people to control?
Agriculture allowed people to control their food production by cultivating plants and raising animals for food. This led to settlements, surplus food production, and the development of complex societies.
Where does soil erosion affect people and animals?
Through food production and availability.
Socialist systems often have mixed economies because the state?
Socialist societies do not have ‘mixed economies’ or a state. The means of production are owned by all the people in common and production takes place to meet human nee, with free access to what is produced.
Importance of food production?
Food production is important for survival. People cannot live without food. The species would die out of food was no longer produced.
How did the Industrial Revolution affect the standard of living for people in industrial countries?
The industrial revolution affected the standard of living for people in industrialized countries by improving food production and lowering production costs.
What is the type of economy where government controls all industry and production?
State capitalism. In Socialism it is the people who control production and distribution, the aim of production being to meet human need.
