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Q: How did Apple founders combine the factors of production to make life easier or more convenient for Americans?
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Continue Learning about Economics

What is the most common economic system in the world?

Mixed economic systems combine elements of market and command economies. It is currently the most common economic system.


What do economists consider as basic resources or factors of production?

The most important resources or factors of production in economics (with their respective factor rewards in parentheses) are: Land (rent); Labour (wages); Capital (interest); Entrepreneurship (profit). These factors, combined with management and economic risk taking, combine with other factors (specific to the industry) to produce output.


What illegal economic function causes business firms to combine to prevent competition?

A cartel or monopoly causes business firms to combine to prevent competition.


What are the process of getting the licensee of urea?

There are no licenses involved with the production of urea. The process they use was invented in 1920 by the German chemical combine "IG Farben" and the patent was confiscated by the United States after World War II for use in this country. You can make all the synthetic urea you want and no one will say anything.


What are the four economic questions?

-What should the economy produce? Market economies use price to answer this question. For example, Product X at a very high price may not sell, thus producers may stop making the product. -How should goods/services be produced? Producers combine resources (consumers sell factors of production) to make products they can sell. Price of factors of production influence producer decisions to make or not to make a product -Who should receive the goods/services produced? Incomes limit choices and decisions of consumers as they respond to price in the marketplace. Consumers earn incomes based on their contributions (factors of production) to production of goods/services. -How should the economy provide for growth? Producers increase the supply of goods and services in response to price in the marketplace. Consumers earn increased incomes as they respond (offer their labor or capital) to the price of factors of production.

Related questions

What does Alexis de Tocqueville mean by Americans' tendency to combine guards against?

tyranny of the majority


What is the definition for reproduction?

Sexual reproduction is the production of an offspring that results when the genetic materials from two different cells combine.


What part of the chlorofluorocarbon molecule inhabit s production of ozone?

CFC's decomposes to release chlorine compounds. They combine to deplete ozone to form oxides.


What is use of manifold in production plant?

when two or more wells are commingling at central processing facility, it is necessary to use production manifold to combine the separate flow streams or to divert a single stream for special treatment or testing.i hope it's clear for you now


Why is a combine called a combine?

combine is called combine because god made it that way


To increase crop production food engineers combine two plants so that each plant's strength compensates for the other's weakness. What is this technique called?

plant breeding


How does Conjugation differ from reproduction?

Conjugation does not differ from reproduction as it one of the ways of sexual production. This is where the male and female gametes combine for purposes of reproduction.


What is the most common economic system in the world?

Mixed economic systems combine elements of market and command economies. It is currently the most common economic system.


What mean by combine leverage?

combine leverage


Does Bakugan hades and forretress combine?

No they can not combine.


What is combine factors?

combine factors are the factors that can combine the factors. ohei alam niyo na


How do companies combine their methodologies?

not sure how they combine, but they combine. as stated in case study project management