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Sterilite sells products for the home made of plastic. These include storage containers, shelving units, waste baskets, laundry baskets and many other products.
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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.
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 do bank loans help the economy grow?
Bank loans give capital investment to people who have ideas or plans which are economically beneficial but lack the means to create their idea. Usually, a loan entails that a person creates a success and pays the loan off. A loan is mutually beneficial because the bank and the individual profit from it. This means that there is a total gain in social welfare. Additionally, the increased production and capacity from capital investment increases overall production and thus GDP (which is a function of production).
What is the production function and types of production function?
production function is relation between firm's production and material factors of production
What are factors of production name any four factors of production.?
Factors of production
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 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 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 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.
