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What factors affect the comparative advantage in trade?
biggest advantage of international trade shall be available to the participating countries only if trade is free and unfettered. It strongly affect prices, wages, employment and production in other countries.
What is the relationship between specialization and trade and changing employment partners?
specialization depends on trade that is specialization leads to mass production and hence need for market for the surplus.
How did mass production affect the cost of goods?
Mass Production created a lot of goods that were once scarce. now that these factories were pumping out so many products, there became too many on the market. Companies then lowered their prices so that people would by theirs instead of some one else's. so basically mass production lowered the cost of goods
What does efficiency of mass production mean in economic terminology?
what dose mass production mean
What two major inventions led to the globalization of production and world trade?
Railroads and steamships led to the globalization of production and world trade. Production was further aided by the assembly line.
How did mass production affect industrialization?
Mass production is a by-product of industrialization. Inventions that were part of the Industrial Revolution resulted in mass production.
What revolutionized trade by allowing for mass production?
The assembly line and identical parts allowed for mass production.
What factors affect the comparative advantage in trade?
biggest advantage of international trade shall be available to the participating countries only if trade is free and unfettered. It strongly affect prices, wages, employment and production in other countries.
What is the relationship between specialization and trade and changing employment partners?
specialization depends on trade that is specialization leads to mass production and hence need for market for the surplus.
What was the affect of mass production on shoemaking?
Mass production revolutionized shoemaking by allowing for faster and more efficient production processes. It increased the availability of shoes to a wider population and reduced costs, making footwear more accessible and affordable for consumers. Additionally, mass production enabled the standardization of shoe sizes and styles, leading to greater consistency in quality and design.
What was the Production Budget for Trade?
The Production Budget for Trade was $12,000,000.
How did trade affect European navigation?
how did trade affect european navigation they affect because Asia affect
How did Henry Ford affect the automotive industry?
Henry Ford was the first to utilize mass production in the auto industry which allowed him to streamline production and offer his automobiles for a competitive price.
How doesmass production affect society?
Generally speaking mass production helps society. As in the long ago situation with Henry Ford, his mass production of early automobiles made the price of a car affordable. In conjunction with that came greater sales and profits. This enabled Ford to pay his workers more than other auto companies. Usually mass production means lower prices for the consumer.
How did mass production affect the cost of goods?
Mass Production created a lot of goods that were once scarce. now that these factories were pumping out so many products, there became too many on the market. Companies then lowered their prices so that people would by theirs instead of some one else's. so basically mass production lowered the cost of goods
Word for Manufacturing of large amount of goods?
mass-production mass-production
How is mass production an unmixed blessing?
mass production is not an unmixed blessing discuss
