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Production refers to the process of creating or manufacturing an item, involving the transformation of raw materials into finished goods through various methods and labor. In contrast, consumption is the act of using or purchasing the item by consumers or businesses for their needs or desires. Essentially, production focuses on supply, while consumption centers on demand. The balance between the two is crucial for economic stability and growth.
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What is the difference between the production and the distribution of an item?
Production refers to the process of creating or manufacturing an item, involving the transformation of raw materials into finished goods through various methods and resources. Distribution, on the other hand, entails the logistics and processes involved in delivering the finished product to consumers or retailers, including transportation, warehousing, and inventory management. Essentially, production focuses on making the item, while distribution focuses on getting it to the end user.
What is the difference between the term 'monopoly' and 'natural monopoly'?
The difference between the term 'monopoly' and 'natural monopoly' is a monopoly is a market situation one group controls the availability and price of a service or item. A natural monopoly is a service or item that is provided by a single sorce. An example would be transportation like buses, or taxies.
The law of increasing costs means that when an economy increases the production of one item .?
what law of increasing costs means that when an economy increases the production of one item _____.
What is the difference between cost centre and cost unit?
cost centre is a production or service location, function, activity or item of equipment for which costs are accumulated(i.e stores,canteen, farm, personnel) cost unit is a unit of product or service in relation to which costs are ascertained(i.e typewriter,thousand of washers)
Which item is not used in calculating the GNP?
Production from home gardeners is not used in calculating the GNP.
What is the difference between a refurb item and a used item?
There is a huge difference between a refurbished item and a used item. A used item was once owned by another and is sold as is. A refurbished item is one that has been cleaned up and fixed, sometimes by the original manufacturer.
What is the difference between engineer and technologist?
Engineers aply perticular technology/ applied science in an specific production. But a technologist try to find the way to build/ product an item.
What is the difference between consumer education and producer education?
The basic difference is one involves selling an item to a consumer and one involves making an item to sell. Consumer education teaches the skills needed to understand consumer goods and producer education is where someone learns about production in an already established business.
What is the difference between one off batch mass and continuous production?
one off is the production of an item once, batch productions is a form of production that is applied to a large number of items all at once whilst mass production is the same but made one at a time from mass produced parts. Haven't heard of continuous production!
What is the difference between the production and the distribution of an item?
Production refers to the process of creating or manufacturing an item, involving the transformation of raw materials into finished goods through various methods and resources. Distribution, on the other hand, entails the logistics and processes involved in delivering the finished product to consumers or retailers, including transportation, warehousing, and inventory management. Essentially, production focuses on making the item, while distribution focuses on getting it to the end user.
The difference between the original price and the sale price of an item?
Discount
What is the difference between a product item and a product line?
They Both Suck!
What is the difference between value and cost?
value is the market price of an item cost in the expense incurred to obtain an item
What is Price spread?
This would be the difference between the the price of an item, and the actual value of it.
What is the difference between washing powder for top loading?
You didn't add a second item to compare to. The difference between washing powder for top loading... and what ???
What is the difference between mass production and craft manufacturing?
Mass production is the production of large quantities of identical objects. Custom-made means something is a one-off, or a hand made item of a very small number
What is the difference between a production concept and product concept?
AnswerTo me the difference lies in what is being produced. A product conceptwould be an idea for an item or product. A production concept would be the concept conceived for creating the product.--------------------------------------------------------------------------------------------------------------Production Concept-consumers favor products that are available and highly affordable-improve production and distribution-also known as manufacturing conceptProduct Concept-consumers favor products that offer the most quality, performance, and innovative features
