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The goods to produce are primarily determined by consumer demand and market signals. Producers analyze preferences, trends, and purchasing behavior to identify what consumers want. Additionally, factors such as resource availability, production costs, and competition also influence the decision on which goods to manufacture. Ultimately, the goal is to align production with the needs and desires of the market to maximize profitability.
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In a command economy the question of what goods to produce is primarily determined by?
In a command economy, the question of what goods to produce is primarily determined by the government or central authority. This body makes decisions based on national priorities, economic plans, and societal needs, often aiming to meet specific goals such as industrial growth or social welfare. The allocation of resources and production targets are set through central planning rather than market forces. As a result, consumer preferences may be less influential in determining the types and quantities of goods produced.
What commodities are produce how are goods produce and for whom are goods produce?
they let the customers and citizens decide.
What determined the types of goods and crops that an Inca community would produce and trade with other Inca communities?
The area in which they lived determined the types of goods and crops that an Inca community would produce and trade with other Inca communities. The Inca that lived in the valleys produced cotton, beans, corn, peppers and peanuts. The mountainous communities traded quinta, cocoa, potatoes and animal products.
Who determines what goods to produce in the economy?
It is the demand and supply which determines the goods and services to produce in the economy.
What determines the amount of income a household will earn in the resource market?
the amount of income a household will earn in the resource market determined by how many productive resources firms need to produce their products, and determined by the quality of goods and services the household has expenditured on in the product market.
Distribution under socialism is primarily determined by?
The ability of each individual to produce.
Did China produce goods?
Yes, China did produce goods.
What commodities are produce how are goods produce and for whom are goods produce?
they let the customers and citizens decide.
What determined the types of goods and crops that an Inca community would produce and trade with other Inca communities?
The area in which they lived determined the types of goods and crops that an Inca community would produce and trade with other Inca communities. The Inca that lived in the valleys produced cotton, beans, corn, peppers and peanuts. The mountainous communities traded quinta, cocoa, potatoes and animal products.
Is the development of bicep peak primarily determined by genetics?
Yes, the development of bicep peak is primarily determined by genetics.
In the 19th century US which states had factories to produce finished goods?
Northeast and Middle Atlantic states had most of the factories, while the South was primarily agricultural.
Who determines what goods to produce in the economy?
It is the demand and supply which determines the goods and services to produce in the economy.
What are the four basic questions of economy?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
Manufactured goods needed to produce other goods and services are called?
Capital Goods.
For whom do you produce goods and services?
That's easy, you produce them for customers.
What goods do home and foreign produce?
Home produce refers to goods that are made or grown within one's own country, while foreign produce refers to goods that are made or grown in other countries.
What determines the amount of income a household will earn in the resource market?
the amount of income a household will earn in the resource market determined by how many productive resources firms need to produce their products, and determined by the quality of goods and services the household has expenditured on in the product market.
