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Using factors of production to make one product always means that?
Wiki User
∙ 11y ago
fewer resources are left to make something eles
Wiki User
∙ 11y ago
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How Using the factors of production to make one product always means that?
fewer resources are left tp make something else.
What factors influence the types of production a business should use?
the factors that influence the types of production a business should use are:-the size of the market,the type of production demanded,technological aspects of the product that is demanded andis it able to be produced by using the flow production method.
Who owns the factors of production in a traditional economy?
The question is nonsensical. The factors of production require the existence of a consistent production, but this does not exist in a traditional economic system. All things that are produced are produced using common materials that are available to all and items are only created when they are necessary - not when a factory owner chooses to produce.
Definition of direct production?
Definition from Financial Times Lexicon: When someone produces all the things they need using their own efforts and skills, without the advantages of specialization (concentrating on producing only one product) or the division of labour (using different people to do different jobs). Direct production is more an economic model than a real production method.
How equilibrium income in a closed economy is determined?
There is equilibrium in a closed economy (that which doesn't encourage in international trade), when there is the circular flow of income between House-holds & firms, where the house-holds own the factors of production, which is given to firms, which in return gives factors of income for their services. the firm uses fatcors of production to produce goods & services, whereas house-holds consume goods & services using factors of production. Here NI=NO=NE.
How Using the factors of production to make one product always means that?
fewer resources are left tp make something else.
Using the factors of production to make one product always means what?
fewer resources are left tp make something else.
What factors influence the types of production a business should use?
the factors that influence the types of production a business should use are:-the size of the market,the type of production demanded,technological aspects of the product that is demanded andis it able to be produced by using the flow production method.
How does coca cola use the four factors of production?
Please, tell me about all production factors of coca cola, including factors of inputs, production control, and outputs.
What is a product of repeated factors using a base and exponent?
Power
What is indivisiblity of factors?
The indivisibility of factors refer to the difficulty of using only part of a plant for profitable production.
Which was a system for turning out large numbers of product quickly and inexpensively?
Mass production using production lines.
How do you find prime factors of 465 using a tree method?
As a product of its prime factors: 3*5*31 = 465
What are the prime factors of PRODUCT 36 using exponents?
36 = 22 x 32
How many times can you write the product 100 using two factors?
At least two.
What is the product of prime factors using indicies of 77?
7 x 11 = 77
How can i get to 54 using prime factors?
As a product of its prime factors: 2*3*3*3 = 54 Or: 47+7 = 54
