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Difference between normal goods and inferior goods?
Normal goods are everyday things that the average person would own. Inferior things are more of a low quality item that is considered for poor people.
Why firms produce low quality goods in a collectivist economy?
Your premise may be faulty and generalized, but some of the reasons why poor quality goods can be produced in a collective society are: 1. unskilled or semi-skilled labour in relation to the complexity of the product. 2. cutting costs by using inferior materials. 3. employees deliberately sabotaging the product due to a beef with the company. 4. poor quality control.
What are the disadvantages of indirect production?
high cost.....
What is abnormal and Inferior goods in Economics?
Abnormal and inferior goods in economics are goods that are not of the best quality or the normal variety.
What is the meaning of the word ''cheap''?
Inexpensive and of poor quality. Although things designed to be inexpensive are inevitably of poor quality, so it goes without saying that if an item is always available at a low price (e.g. at Walmart) it is of poor quality.
Difference between normal goods and inferior goods?
Normal goods are everyday things that the average person would own. Inferior things are more of a low quality item that is considered for poor people.
Are clearance outlet stores usually getting rid of poor quality goods?
Clearance outlet stores are usually not getting rid of poor quality clothes. These outlet are getting inventory leftovers or items that have not sold well in the originial store.
Why firms produce low quality goods in a collectivist economy?
Your premise may be faulty and generalized, but some of the reasons why poor quality goods can be produced in a collective society are: 1. unskilled or semi-skilled labour in relation to the complexity of the product. 2. cutting costs by using inferior materials. 3. employees deliberately sabotaging the product due to a beef with the company. 4. poor quality control.
What are the disadvantages of indirect production?
high cost.....
What is the opposite is poor quality?
good quality
What is the opposite of poor quality?
good quality
What are the quality of Nike goods?
They are the highest quality product in their field.
What kind of materials does Switzerland make its high quality goods?
Switzerland makes high quality goods from imported materials.
Why is your site so slow and of such poor quality?
I suspect that the slow speed relates to the host’s poor internet connection quality and that the poor quality replies are a result of the Grammatical capabilities of those answering questions.
What is another term for poor quality?
Not achieving standard quality
What is money for the poor called?
Money or goods given as charity to the poor is called alms.
Why are products made in Germany so high quality?
During the Centennial International Exhibition of 1876, German businessmen were embarrassed when experts called their goods cheap and low quality. They went back to Germany determined to produce quality goods they could be proud of and were successful. Germany became known for quality engineering and quality goods.
