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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?
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∙ 8y ago
Consumer 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).
Lorna O'Reilly
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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 the consumer's ability and desire to buy goods and services called?
demand
What is the desire of the consumer to have something backed up with willingness and ability to pay for it?
Supply
What is ordinal approach to the theory of consumer behavior?
ordinal approach to the theory of consumer behaviour is consumer's ability to rank his preference for various combination of products. It uses Indifference curve to analyse these preferences.
What is meant of consumer equilibrium?
consumers ability to have equal choices Added: Where a consumer makes choices about how much of a number of goods they will consume to maximise their total satisfaction (Utility).
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).
Whats the difference between an assets ability to generate revenue and its ability to generate profit?
The difference between an asset's ability to generate revenue and its ability to generate profit is generating revenue refers to the asset producing a cash flow that is linked directly to the asset. If the asset was not there, then no money would be made. Assets that generate profit do not produce cash directly, but influences consumer and competitor behavior with the intention of producing more revenues.
What is consumer ability?
Consumer Ability is resources to act; Product knowledge and experience, cognitive style, complexity of information, intelligence, education, and age, and money
What is the ability to respond to stimuli by producing electrical signals?
irritability
What allows someone to be a consumer?
A person who is a consumer is simply someone who uses their willingness and ability to purchase and use goods or services.
What is the consumer's ability and desire to buy goods and services called?
demand
What is the desire of the consumer to have something backed up with willingness and ability to pay for it?
Supply
Identify a key factor in producing cellular adaptation in the body?
ability to manufacture antibodies
The ability of metals to give-off and take-in electrons thus producing a current?
conductivity
Explain characteristics of different types of organsational structures in management function and behavior?
Explain different types of ability
How can you explain you have a proven ability to work on your own initiative and as part of a team?
There are a couple of ways to explain that you have a proven ability to work on your own initiative and as part of a team. One way is to take the lead.
How important is hire purchase to the consumer?
Hire purchase is important because it gives a consumer with less financial ability,the privilege of owning goods with less money.
