The meaning of economies of product differences... The greater the difference in products produced by two economies the greater the economic efficiency to be obtained from trade between the two as per the theory of comparative advantage.
That depends on what three 'economies' you are talking about.
...a single-product firm!
Market economies respond by increasing the costs of goods that are highly demanded. They also increase production for the items.
Explicit costs are those that are a result of a product. Implicit costs are costs that are associated with a product, but they can't be directly linked to the product.
all economies today are actually (mixed)
That depends on what three 'economies' you are talking about.
I had this worksheet for S.S and it said why are single product economies UNSTABLE ... so the answere is UNSTABLE
...a single-product firm!
Yes, economies fluctuate, meaning they experience ups and downs, due to many factors.
with examples? Conceptual meaning and associative meanings differences
Market economies respond by increasing the costs of goods that are highly demanded. They also increase production for the items.
There is no difference, the only this that is different is the name .
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yes... yes you can...
The more of a product you make the cheaper it becomes to make each one.
meaning of chemicals?
Economies go into a recession after a decline in the Gross Domestic Product growth rate following a period of irrational exuberance. This exuberance can often be felt in housing or high technology areas.