Production and consumption is another way of saying supply and demand. If production far exceeds consumption for a particular product, the market becomes flooded or saturated and the price of the product goes way down. If consumption far exceeds production, there is a major shortage of the product, so its price goes way up. It is usually best to produce just enough to keep your prices competitive. However, it is certainly not a bad thing to put so much quality into certain products that it causes production to be far below market demands, as long as your customers recognize the difference in quality and are willing to pay extra for it. I think that is the sort of corporate behavior that builds brand loyalty.
U r awesome
The relationship between consumers and producers in economics is based on the exchange of goods and services. Consumers purchase products from producers, who in turn supply these goods to meet consumer demand. This interaction drives the economy and influences pricing, production, and consumption decisions.
The theory of production deals with the relationship between the factors of production and the output of goods and services
Production functions indicate the relationship between inputs (such as labor and capital) and outputs (goods or services) in a production process. They show how the quantity of inputs affects the quantity of outputs produced.
greater efficiencies in production.
between consumption production
that in production you sell and in consumption you buy:)
Describe the relationship between the purchasing and production of a manufacturing company
Economics is the ssc that analyzes the production, distribution and consumption of goods and services.
There is no relationship. Alcohol contains no vitamins, vitamins contain no alcohol.
power consumption heat production
The relationship is that testosterone produces sperm
U r awesome
The relationship between consumers and producers in economics is based on the exchange of goods and services. Consumers purchase products from producers, who in turn supply these goods to meet consumer demand. This interaction drives the economy and influences pricing, production, and consumption decisions.
the relationship between production and marketing is to provide serves and to get profit to run the business organisation effecively
The theory of production deals with the relationship between the factors of production and the output of goods and services
Indian heritage in production and consumption