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Using factors of production to make one product always means that?

fewer resources are left to make something eles


What factors influence the types of production a business should use?

the factors that influence the types of production a business should use are:-the size of the market,the type of production demanded,technological aspects of the product that is demanded andis it able to be produced by using the flow production method.


Who owns the factors of production in a traditional economy?

The question is nonsensical. The factors of production require the existence of a consistent production, but this does not exist in a traditional economic system. All things that are produced are produced using common materials that are available to all and items are only created when they are necessary - not when a factory owner chooses to produce.


Definition of direct production?

Definition from Financial Times Lexicon: When someone produces all the things they need using their own efforts and skills, without the advantages of specialization (concentrating on producing only one product) or the division of labour (using different people to do different jobs). Direct production is more an economic model than a real production method.


What is law of increasing opportunity cost?

The law of increasing opportunity costs states that as production of a product increases, the cost to produce an additional unit of that product increases as well. (Some resources are specialized to only effeciently produce one product so using those specialized resources on a different product is inefficient)

Related Questions

Using factors of production to make one product always means that?

fewer resources are left to make something eles


Using the factors of production to make one product always means what?

fewer resources are left tp make something else.


What factors influence the types of production a business should use?

the factors that influence the types of production a business should use are:-the size of the market,the type of production demanded,technological aspects of the product that is demanded andis it able to be produced by using the flow production method.


How does coca cola use the four factors of production?

Please, tell me about all production factors of coca cola, including factors of inputs, production control, and outputs.


Which was a system for turning out large numbers of product quickly and inexpensively?

Mass production using production lines.


What is a product of repeated factors using a base and exponent?

Power


What is indivisiblity of factors?

The indivisibility of factors refer to the difficulty of using only part of a plant for profitable production.


How do you find prime factors of 465 using a tree method?

As a product of its prime factors: 3*5*31 = 465


How many times can you write the product 100 using two factors?

At least two.


What is the product of prime factors using indicies of 77?

7 x 11 = 77


What are the prime factors of PRODUCT 36 using exponents?

36 = 22 x 32


What factors must be considered when changing or enhancing a design?

Who will be using the product and who is the target consumer. Will the product appeal to the consumer and how to change the design of the product that make people want to buy the product.