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What is An example of a country specializing in production of a good services?
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Explain how the production of services differs from the production of manufacturing goods give two example?
In the game of economics, which of the following players use goods and services?
What is the relationship between taxation and production?
the relationship between taxation and production is that taxation is the process where by a business firm provides a certain amount of money to the national government after doing a certain transactions while production is the creation of goods or services for exchange and satisfying human needs or wants their relation is that both of them works on increasing government income, and their depending to each other, for example without production there wont be taxation because taxes are mostly collected from the production of goods and services.
What are three factors that influence the rate of production in a country?
The amount of goods and services that nations produce relates to consumers, laborers, technology, and ecology. For example, in order for a product to sell, people have to want it, and businesses have to create efficient ways to distribute it. Also, environmental changes impact worldwide commerce.
What types of economy do North Korea and South Korea have?
North Korea practices a trade policy of autarky, which is defined as being completely self-sufficient, as a country, in the production of goods and services. North Korea is a perfect example of why attempting autarky in a modern economy is completely nonsensical. No country can provide all of the types of raw materials and foodstuffs necessary to sustain the levels of population and industrial production prevalent in any modern society. As a result of autarky, the country remains in grinding poverty.Conversely, South Korea runs a capitalist-based mixed economy and has a sophisticated level of production, trade, and development. The living standards of South Korea have continually increased from the 1960s and South Korea is commonly considered to be a First World country.
What is Switzerland's economy like?
Switzerland is one of the most prosperous countries in the world. The key sectors of the economy are financial services, engineering and tourism. Other well known sectors include the production of chocolate and cheese. The country has some of the most upscale (upmarket) resorts in the world, for example, Interlaken, Davos, Pontresina and St. Moritz.
Explain how the production of services differs from the production of manufacturing goods give two example?
In the game of economics, which of the following players use goods and services?
Write a definition for each of the resources needed for production. Give some example?
Factors of production are as followsLandLabourCapital : capital are those already-produced durable goods that are used in production of goods or services. eg: machinesEnterprise
Briefly discuss Wages with the help of example?
Payments for the applications of human efforts for the production of goods and services is termed as wages.
Is North Korea attempting to achieve autarky?
Yes. Autarky is defined as being completely self-sufficient, as a country, in the production of goods and services. North Korea is a perfect example of why attempting autarky in a modern economy is completely nonsensical. No country can provide all of the types of raw materials and foodstuffs necessary to sustain the levels of population and industrial production prevalent in any modern society.
State and explain the four factors of production giving one example in each case?
Factors of production are the basic inputs used in the production of goods and services. It includes land,labour,capital and entrepreneurship. By Lamptey Samuel Boafo
What is an overhead?
An overhead is a cost that is not directly related to the production of a specific good or service but that is indirectly related to the production of several goods or services. For example, the cost of maintaining an office or factory - lighting, heating etc.
What is an example of the tertiary sector?
The tertiary sector is that part of a country's economy that is related to providing services rather than goods. An example would be the banking industry.
What is the relationship between taxation and production?
the relationship between taxation and production is that taxation is the process where by a business firm provides a certain amount of money to the national government after doing a certain transactions while production is the creation of goods or services for exchange and satisfying human needs or wants their relation is that both of them works on increasing government income, and their depending to each other, for example without production there wont be taxation because taxes are mostly collected from the production of goods and services.
What are some corporate video production companies?
When it comes to corporate video production companies, there is a quite a selection. This selection includes companies such as Binary Pulse, Mob Media Studios, Solid Line Media, and Seven Pictures.
What is drama production?
Production Drama is drama within a production of some sort, for example a musical or an Opera.
How does globalization affect food production?
There are various ways in which globalization affects food production. For example, it is now likely that the food you buy comes from a different country rather than being produced locally.
Is there a Socialist country in Caribbean?
Cuba is the perfect example of a Communist/ Socialist country in the Caribbean.
