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Why do fair trade goods cost more?
The workers who produce these goods are paid better wages.
The present choice between investing in capital goods and producing consumer goods now affects the ability of an economy to produce in the future. Explain?
AnswerConsumer goods are only available for present use and will not produce wealth. Capital goods, though not providing an immediate benefit, will produce wealth for future use (for more consumer goods and/or more capital goods).
The present choice between investing in capital goods and producing consumer goods now affects the ability of an economy to produce in the future. Explain.?
AnswerConsumer goods are only available for present use and will not produce wealth. Capital goods, though not providing an immediate benefit, will produce wealth for future use (for more consumer goods and/or more capital goods).
What is a Major element of trickled down economics?
Cutting taxes on businesses will encourage them to hire more workers
Ideas is a major element of trickle down economics?
Cutting taxes on businesses will encourage them to hire more workers
Why do fair trade goods cost more?
The workers who produce these goods are paid better wages.
What fractors other than eduaction contributes to an increased income from work?
The most important factor is productivity: when workers become more productive they can produce more goods within a working period, and assuming workers are paid until w=vmp (i.e. their wage is equal to the value of the goods that they produce) then their income will rise. Increases in technology and work habits can lead to an increase in productivity.
What profit used to produce more goods?
capital
Why did industrialization increase the number of workers?
Industrialization made it possible to produce more goods faster. Thus in world or times when growth drew crowds to industrialized areas providing more workers and the demand for them. Industry brought people to cities and out of the woods and farmland thus creating a need for more manufacturing.
The present choice between investing in capital goods and producing consumer goods now affects the ability of an economy to produce in the future. Explain?
AnswerConsumer goods are only available for present use and will not produce wealth. Capital goods, though not providing an immediate benefit, will produce wealth for future use (for more consumer goods and/or more capital goods).
The present choice between investing in capital goods and producing consumer goods now affects the ability of an economy to produce in the future. Explain.?
AnswerConsumer goods are only available for present use and will not produce wealth. Capital goods, though not providing an immediate benefit, will produce wealth for future use (for more consumer goods and/or more capital goods).
Why encourage people to migrate to the NW territory?
So there economy can function better with more workers.
What encourage citizens to purchase more domestic goods while helping states make a better profit exporting their goods?
Commerce Compromise
What made goods produce faster and more easily?
Inventions
What are capitalized goods?
CAPITAL GOODS include machinery and tools which are used to produce other products for consumption.They are also refferd as 'means of production' or producers' goods!Capital goods are used to produce other goods and services more efficiently
What is a Major element of trickled down economics?
Cutting taxes on businesses will encourage them to hire more workers
In the mid-1700s increases in technologies for textile industry machines caused what effects?
few workers required to work each machine and each worker could produce more goods per hour
