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What is anything used to produce a good or service that will satisfy wants and desires?
resources
What economic term used for the skills and the hours worked by the people who make a good or produce a service?
A market.
What is the difference between cash and price?
Price is the amount consumers pay to acquire a good or service whereas cost is the amount used to produce a service or good. Cash is the money in your pocket.
What term refers to the process used to produce a good or service such as using a robotic device to assemble cars?
Automation refers to any manufacturing process that uses computer controlled manufacturing. In industry, robotics is often referred to as automated manufacturing.
What is a good or service that can be used in place of some other good or service?
an incentive
What is anything used to produce a good or service that will satisfy wants and desires?
resources
What economic term used for the skills and the hours worked by the people who make a good or produce a service?
A market.
What is the difference between cash and price?
Price is the amount consumers pay to acquire a good or service whereas cost is the amount used to produce a service or good. Cash is the money in your pocket.
What term refers to the process used to produce a good or service such as using a robotic device to assemble cars?
Automation refers to any manufacturing process that uses computer controlled manufacturing. In industry, robotics is often referred to as automated manufacturing.
What is A set of methods and technologies used to produce a good or service?
A set of methods and technologies used to produce a good or service is often referred to as a production process or production system. This encompasses various techniques, tools, equipment, and workflows designed to efficiently convert raw materials into finished products. It includes aspects such as manufacturing processes, quality control measures, and the integration of technology to enhance productivity. Ultimately, it aims to optimize resource use while meeting consumer demand.
What process is used to produce ammonia?
Haber process industrially.
What process is used to produce gamete?
Meiosis(:
What process is used to produce sugar?
Photosynthesis
What are examples of capital resources?
Capital resources are any goods that are used in the production process to produce a good or service.Capital Resources:TrucksBuildingsToolsCellphonesPrintersFax MachineEaselsMarkers
What is a good or service that can be used in place of some other good or service?
an incentive
Why does the production possibilities curve bow out from the origin?
The production possibility curve (PPC) is a two dimensional model, showing how resources can be used to produce two different goods or services or types of good and services. The graph is bowed outwards due to a basic concept used in economics - the principle of increasing cost. If a producer were to produce more of one good or service, the constant in resources and technology would not be able to maintain the previous amount of production of the other good or service. If more of one good or service is produced, the opportunity cost of the reduction of the other good or service increases, therefore the gradient of the curve increases.
What's the process used for the sun to produce energy?
my butt
