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When designing a production system, key factors to consider include the type of product being produced, the production volume, and the technology and equipment required. Additionally, the layout of the production facility, workforce skills, supply chain logistics, and quality control measures play crucial roles. Economic considerations, such as cost efficiency and scalability, alongside environmental and safety regulations, are also important. Ultimately, the goal is to create a system that balances efficiency, flexibility, and sustainability.
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What are the factors of production in an economic system?
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
Do economic resources include both production and the factors of production?
Yes, the means of production, and the system that supports it, are all resources.
What type of system is free enterprise system?
Individuals are free to won and control the factors of production
What factor of production is a telephone system?
A telephone system is considered a form of capital in the factors of production. Capital refers to the tools, equipment, and facilities used to produce goods and services. In this case, the telephone system enables communication, which is essential for business operations and economic activity. It enhances productivity and efficiency by facilitating the flow of information.
What economic system is based on government control of all factors of production?
communism
What are the factors of production in an economic system?
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
Factors to consider when designing and information system?
there are Three main factors needs to answer 1. What workers do ? 2. What workers need ? 3. How the job is interdependent with other job.
Who is responsible in designing the accounting system?
designing of accounting system
Do economic resources include both production and the factors of production?
Yes, the means of production, and the system that supports it, are all resources.
What are two main things that must be considered when designing a plumbing system?
THREE things are Drainage, Waste and Venting
What are the factors that should be considered while designing the length of an instruction?
When designing the length of an instruction, several factors should be considered: the complexity of the operation being performed, the need for efficient encoding to minimize memory usage, and the architecture of the processor, which may favor fixed or variable-length instructions. Additionally, the target application and overall system performance, including execution speed and pipeline efficiency, play crucial roles in determining instruction length. Balancing these factors ensures optimal performance and ease of use in software development.
What type of system is free enterprise system?
Individuals are free to won and control the factors of production
What does market economic system mean?
a system indivivisuals own the factors of production and decide how to use them.
What factor of production is a telephone system?
A telephone system is considered a form of capital in the factors of production. Capital refers to the tools, equipment, and facilities used to produce goods and services. In this case, the telephone system enables communication, which is essential for business operations and economic activity. It enhances productivity and efficiency by facilitating the flow of information.
What economic system is based on government control of all factors of production?
communism
What could be considered an important aspect of the American economic system?
mass production
What are the four factors of production in the private enterprise system?
Land, labor, capital, enterprise
