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The economic region of production shows the combinations of factors at a certain cost that make economic sense. Areas outside the economic region of production mean that at least one of the inputs has zero or negative marginal productivity. This region is marked by what are called ridge lines, which are simply the boundaries beyond which one of the two factors is being overused. Therefore, outside the economic region of production, there is clear inefficiency, and the company would be better of using less of one of the two factors, bringing costs down whilst maintaining equal production output. Graphically:
Wiki User
∙ 11y ago
Wiki User
∙ 14y agoA region depending on the money and other Example: a poor city
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Is an economic region a physical region?
Well, an economic region would be a region that has produced goods and services. A physical region is is a region that includes landforms such as mountain and etc. So, an economic region is not a physical region.
What are the factors of production in an economic system?
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
Why is GDP an imperfect measure of the total production in the economic?
because it include all production values, so it is imperfect measure of the total production in the economic.
What region in Brazil is its economic heartland?
Southeastern Region
What is piedmont's economic activity?
lots of love here down in the south yawww just to let my wiggler jibble im going to sattle that yank
What are the major economic activities of the Persian Gulf?
Major economic activities in the Persian Gulf and interior areas of the region include oil production, farming, and gas production.
Which region of the US has a combined economic production that is the fourth largest in the world?
n1ggers
What is the economic region of Mexico that have an economic boom?
The northern region, thanks to increased industrial production created by the North American Free Trade Agreement (NAFTA) implementation.
Activities related to the production and distribution of goods and services in a particular geographic region?
Economic activities are related to the production and distribution of goods and services in a particular geographic region.
What are the main economic activities in the Aquitaine region of France?
Wine production; forestry; agriculture and food production. Also chemical industry, defence aeronautics and pharmaceuticals.
An economic region is a what kind of region?
An economic region is a producing goods region.
An economic region is a human or physical?
An economic region is a human region, since economic activity is a human activity.
Is an economic region a physical region?
Well, an economic region would be a region that has produced goods and services. A physical region is is a region that includes landforms such as mountain and etc. So, an economic region is not a physical region.
What is the meaning of economy?
The system or range of economic activity in a country, region, or community.
Is a economic region a human region?
Yes. Economics are purely a human concept, so an economic region is a "human defined region"
Describe the economic activities in each colonial region,Northern,Middle, Southern?
middle: Logging, shipbuilding, textiles production, and papermaking northern:
What are the factors of production in an economic system?
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
