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Does the The strength of the economy depends on the balance of production and consumption of goods and services?
true
What is simultaneity of production and consumption?
It refers to the idea that the production and consumption of a service occur simultaneously, making it impossible to produce and store a service prior to consumption.
Could production and consumption take place with money?
could production and consumption take place without money
Which person studies the production distribution and consumption of goods and services?
An Economist studies the production distribution and consumption of goods and services
What is the relationship between consumption and production?
Production and consumption is another way of saying supply and demand. If production far exceeds consumption for a particular product, the market becomes flooded or saturated and the price of the product goes way down. If consumption far exceeds production, there is a major shortage of the product, so its price goes way up. It is usually best to produce just enough to keep your prices competitive. However, it is certainly not a bad thing to put so much quality into certain products that it causes production to be far below market demands, as long as your customers recognize the difference in quality and are willing to pay extra for it. I think that is the sort of corporate behavior that builds brand loyalty.
Does the The strength of the economy depends on the balance of production and consumption of goods and services?
true
What is the explanation for the relationship between production and consumption?
between consumption production
Indian heritage in production and consumption in Indian ethos?
Indian heritage in production and consumption
Difference between production gains consumption gains?
that in production you sell and in consumption you buy:)
What are the differences between triple beam balance and the double pan balance?
Triple beam balance determines mass. A double pan balance determines the weight of two objects.
What is simultaneity of production and consumption?
It refers to the idea that the production and consumption of a service occur simultaneously, making it impossible to produce and store a service prior to consumption.
Could production and consumption take place with money?
could production and consumption take place without money
What is sustainability and describe why it is goal of environment science?
Sustainability is the balance between consumption and production of natural goods. It is a goal of many scientific disciplines to find a human balance with the environment so we don't irreparably damage our planet.
Which person studies the production distribution and consumption of goods and services?
An Economist studies the production distribution and consumption of goods and services
Which person studies the production .distribution and consumption of goods and services?
An Economist studies the production distribution and consumption of goods and services
What is the relationship between consumption and production?
Production and consumption is another way of saying supply and demand. If production far exceeds consumption for a particular product, the market becomes flooded or saturated and the price of the product goes way down. If consumption far exceeds production, there is a major shortage of the product, so its price goes way up. It is usually best to produce just enough to keep your prices competitive. However, it is certainly not a bad thing to put so much quality into certain products that it causes production to be far below market demands, as long as your customers recognize the difference in quality and are willing to pay extra for it. I think that is the sort of corporate behavior that builds brand loyalty.
Explain what determine the optimum level of consumption for a consumer?
what determines the optimum consumption of an consumer is their income and their demand for goods and services.
