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Depending upon the situation, there could be a number of reasons. For example, suppose we're dealing with a communist country where businesses are 100% owned and operated by the government. Because the government sets the laws and operates the businesses, they literally have free reign to do whatever they want. And so if there's pollution resulting from their manufacturing activities, it's not a problem because the government can write laws allowing this to occur. So how a product is made becomes unimportant. And that's because the government has total control to make the product anyway it sees fit. This means using substandard materials, illegal workers, dismal working conditions, massive pollution and dangerous chemicals, etc. And because the government is the only one making the product, there's no competition. Plus, the government sets the product's price. So they can charge whatever they want and consumers have no choice but to pay it. Why? Because there's nobody else making and selling it.
What else can I help you with?
What Economics is about allocating resources to produce and distribute?
Economics is about the allocation of resources for the production and distribution of goods and _services_
What Three question every economy must answer?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?
Economics is about allocating resources to produce and distribute which of the following?
Goods and services
Which group of players in the game of economics both produce and use goods and services?
Workers...Apex Workers are the group of players in the game of economics that both produce and uses goods and services. This is also known as apex.
What does the study of economics focus on?
what scarce resources are used to produce goods and services.
What Economics is about allocating resources to produce and distribute?
Economics is about the allocation of resources for the production and distribution of goods and _services_
What Three question every economy must answer?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?
Economics is about allocating resources to produce and distribute which of the following?
Goods and services
Which group of players in the game of economics both produce and use goods and services?
Workers...Apex Workers are the group of players in the game of economics that both produce and uses goods and services. This is also known as apex.
What does the study of economics focus on?
what scarce resources are used to produce goods and services.
Economics is about conserving scarce that you need to produce the goods for people to buy?
resources
What a the economic problems faced by the world?
The biggest economic problem is Scarcity. All over the globe, people have unlimited want and desires, but we have only LIMITED resources. Economics is about making decisions to fulfill these wants to our extent. For example, questions such as: What goods and services should an economy produce? How should we produce these goods and services? Who should get the goods and services we produce?
What group of players in the game of economics both produce and use goods and services?
workers
What role do capital goods play in the field of economics?
Capital goods are essential in economics as they are used to produce other goods and services. They include machinery, equipment, and buildings that help businesses increase their productivity and efficiency. Without capital goods, businesses would struggle to produce goods and services at a competitive level, which could hinder economic growth and development.
What comes into your mind when you hear the word economics?
Economics it is all about the study of production and consumption of goods and the transfer of wealth to produce and obtain those goods. Economics explains how people interact within market to get what they want or accomplish certain goals. :)
Economics decisions involve doing what with resources to produce goods and services for people to consume?
Allocating
Define economics using the following terms allocation distribution goods resources production and services?
I am presuming that economics refers to a certain type of science that serves with the inquiry of consumption of goods, allotment/allocation distribution, and both the production and distribution of services and goods. Economics can help solve the problem of resource recycling for the benefit of mankind.
