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When production of a good creates an external benefit, how does this impact the overall welfare of society?
When production of a good creates an external benefit, it positively impacts the overall welfare of society by increasing social welfare beyond what is reflected in market prices. This leads to a more efficient allocation of resources and a higher level of overall satisfaction for society as a whole.
Which sociologist suggests a capitalist system creates a treadmill of production because of its inherent need to build ever-expanding profits?
The sociologist who suggests that a capitalist system creates a "treadmill of production" due to its inherent need for ever-expanding profits is William R. Catton Jr. He argues that capitalism drives continuous economic growth, leading to increased resource extraction and environmental degradation. This relentless pursuit of profit creates unsustainable pressures on both society and the environment, resulting in a cycle that is difficult to escape.
What are the advantages of labor intensive production?
Labour intensive production provides a lot of jobs, which in turn creates a lot of income and opportunities for individuals and companies to develop further. It is basically the way through which a country like China has developed itself without the benefit of any foreign aid program.
How does the need for work and production arises from demand?
The need for work and production arises from demand as consumers seek goods and services to satisfy their needs and wants. When demand for a particular product increases, businesses respond by ramping up production to meet that demand, which often requires hiring more workers. This cycle creates a labor market where the need for work is directly linked to consumer preferences and purchasing behavior. Ultimately, higher demand drives economic activity, leading to increased production efforts and employment opportunities.
What are ways in which a society benefits from indirect production?
Indirect production benefits society by enhancing efficiency and innovation, as resources are allocated to specialized industries that improve overall productivity. It fosters the development of infrastructure and services that support primary industries, leading to economic growth. Additionally, indirect production creates jobs in various sectors, promoting a diverse economy and increasing consumer choice. This interconnectedness can also lead to greater resilience in the face of economic fluctuations.
Which form of energy production creates a radioactive waste product?
Nuclear energy production creates radioactive waste as a byproduct. This waste needs to be carefully managed and disposed of to prevent harm to the environment and human health.
What does the chromosome do for a cell?
Chromosomes are made of DNA which creates the data required for protein production.
Studio 100 creates a tevelvision series for what demographic?
The production company Studio 100 creates a television series for a specific demographic. This demographic is young and developing underage children.
Is promoter an adjective?
No, it is a noun. A promoter is someone who promotes (advertises, creates interest in) a concept, idea, or production.
What does a set designer do before a production?
a set designer is the person who creates the world that the film takes place in
What is product control?
production controls creates a well defined set of procedure for coordinating people ,materials and machinery.
What form of energy production creates a radioactive waste product?
Nuclear energy production creates radioactive waste products, such as spent fuel rods and radioactive byproducts from fission reactions. These waste materials require careful handling and disposal due to their potential hazards to human health and the environment.
What is the effect of breakage of glass tube of water level indicator?
Having the glass tube breaking all the time effects production and creates loss time for the any production unit.
What is the effect of breakage of of glass tube of water level indicator?
Having the glass tube breaking all the time effects production and creates loss time for the any production unit.
What is the well-known video production editing?
Also known as videography, video production editing creates videos by capturing moving pictures. A well known editing software is PowerDirector.
What form of cell division creates the sperm?
Spermatogenesis is the form of cell division that creates sperm. It involves the process of sperm cell production through a series of mitotic and meiotic divisions in the testes.
How does production management differ from operations management?
operation management is the set of activites that creates goods and services by transforming inputs into outputs.
