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1- two goods are produced depicting choices and trade off for the nation
2- full employment and full production are achieved allowing for maximum utilization of resources.
3- short run is the time frame over which resources can not be improved or increased.
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∙ 11y ago
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What are the three components of the economic cycle and how they affect each other?
Sectors of production and goods factor
How does the oul industry span the primary secondary and tertiary sectors of the economy?
There are three main types of industry in which firms operate. These sectors form a chain of production which provides customers with finished goods or services.The chain of production shows interdependence: firms rely on other businesses in different sectors for raw materials, components or distribution.
The use of technology as a stimulus for more and better production had its beginning in?
The use of technology as a stimulus for more and better production had its beginning in the marketing and advertising sectors. This was later introduced to all the other sectors including production.
What are three economic sectors?
Profit NonprofitGovernment
Who owns and controls the factors of production in a mixed economy?
both the government and private sectors
What is Tertiary Production?
Tertiary production is part of the three sectors of the economic theory. The tertiary production refers to the creation of intangible goods and provides services to the two other sectors of economic theory.
What are the three components of the economic cycle and how they affect each other?
Sectors of production and goods factor
How does the oul industry span the primary secondary and tertiary sectors of the economy?
There are three main types of industry in which firms operate. These sectors form a chain of production which provides customers with finished goods or services.The chain of production shows interdependence: firms rely on other businesses in different sectors for raw materials, components or distribution.
The use of technology as a stimulus for more and better production had its beginning in?
The use of technology as a stimulus for more and better production had its beginning in the marketing and advertising sectors. This was later introduced to all the other sectors including production.
What are three economic sectors?
Profit NonprofitGovernment
Who owns and controls the factors of production in a mixed economy?
both the government and private sectors
What Industries Are In The Pyrenees?
The types of industries in the Pyrenees depend on which of the three sectors of the area people live in. These industries are agriculture in the primary sector, food production in the secondary sector, and telecommunications in the tertiary sector.
What is primary sector and secondary sector procurement?
Inputs which are directly and indirectly helpful in functioning of primary sectors are called primary sectors procurements. It may be materials, raw as well as processed materials, man made resources, natural feeding etc. Resources which are all used by the secondary sectors for the benefit of production of goods and services are termed as secondary sectors procurements. The output of primary sectors may be the procurements for the secondary sectors or from the another secondary sectors out put may be used, Services of tertiary sectors also the procurements for both the sectors.
Can you help You List as many businesses as you can that are in each what sectors of production primary secondary tertiary and quarternary?
no. you frube.
What are the three sectors that make up the tourism industry?
food and beverage
Which model illustrates the continuous flow of spending production and income between the different sectors in an economy?
economic cycle
Three organisational sectors?
retail and sales banking and finance leisure and tourism
