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What does it mean for a country to specialize in the production of goods and services?
this means that it is their main source of income and that they have a lot of it
What does the term Comparative Advantage mean in Commerce?
In trade and commerce, the marketplace allows producers to take advantage of their costs of production. Each business can specialize in the production of a product in which they have the opportunity to have a lower cost of production. With that comes the comparative advantage. This increases total production and makes the economy larger. With this all companies have the chance to benefit. The additional production generated by specialization is the gain from free trade.
What does efficiency of mass production mean in economic terminology?
what dose mass production mean
What does 'production' mean?
I think it means... Like A Group something like a Company. That products stuff like videos, games...etc.Production, like Produces stuff, like make. I think....
What does constant returns to scale mean in the context of economics and production processes?
Constant returns to scale in economics and production processes means that when all inputs are increased by a certain percentage, the output also increases by the same percentage. This implies that the production process is efficient and there are no diminishing or increasing returns as more resources are added.
What does batch production mean?
means that everone is gay
What does it mean for a country to specialize in the production of goods and services?
this means that it is their main source of income and that they have a lot of it
What does the term Comparative Advantage mean in Commerce?
In trade and commerce, the marketplace allows producers to take advantage of their costs of production. Each business can specialize in the production of a product in which they have the opportunity to have a lower cost of production. With that comes the comparative advantage. This increases total production and makes the economy larger. With this all companies have the chance to benefit. The additional production generated by specialization is the gain from free trade.
What for products does the US lead the world in production?
I dont mean to be mean but USA leads in producing dead corpses in other countries where they have large oil wells.
What does specialize mean?
Specialize means to devote time exclusively to an interst, skill, or field of study.
What does it mean for a firm to have a strong production orientation how does this differ from the marketing concept?
for a firm to have a strong production means for it to produce products that will satisfy customers and to emphasize on the goods and services. How does this differ from the marketing concept?
What does gas formation mean?
Gas formation refers to the release of gas molecules during a chemical reaction. This can result in the production of bubbles or expansion of a substance. Gas formation is a common phenomenon in many chemical reactions and can be used to indicate the presence of certain reactants or products.
What does low eosinophiles mean?
There are a couple different causes to a low eosinophil reading. This can be caused by alcohol intoxication or an over production of certain steroids.
What does Lac mean in English?
"Lac" in English typically refers to a type of resinous substance obtained from certain trees, often used in the production of shellac.
What does wisynco mean?
Wisynco is a Jamaican-based company that is involved in the production and distribution of beverages and food products. The name Wisynco is derived from "Wisdom from a Nurturing Company."
What does production mean?
I think it production mean too be productve at all time..........
What was the Production Budget for Mean Girls?
The Production Budget for Mean Girls was $18,000,000.
