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Developed countries have a wide variety of resources and exploit these to the fullest. Advanced technology allow full use of resources. These countries reach a level of production which satisfies their domestic consumption and a surplus to be exported to other countries.
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What is surplus production?
Surplus production occurs when too much of a good is produced. Supply then outweighs the demand.
What is a market surplus?
total production - self consumption = market surplus
What are two levels of production?
two levels of production are: 1-subsistance production2-surplus production
What is the difference between subsistance production and surplus production?
the main difference between surplus and subsistance production are:-subsistance production you only produce or generate enough goods or services for your coutry an with surplusproduction you have sufficient amount of goods for your country an for trading
What is subsistence level of production?
A subsistence level of production is the bare minimum level of production that is needed. This concept can be applied to different situations. In the context of agriculture or farming, subsistence farming is the farmer produces enough food to feed the family and no more. Subsistence farming implies that the farmer and the farmer's family consumes as much as is produces and there is no surplus production. Subsistence farming continues to exist in parts of Latin America and Asia where there are still large quantities of peasants and villages. This concept can also be loosely applied to the means of production where subsistence level of production is producing enough to keep producing for the next cycle of production in which production is producing no profits but the firm is also not losing money.
What is surplus production?
Surplus production occurs when too much of a good is produced. Supply then outweighs the demand.
What is a market surplus?
total production - self consumption = market surplus
What are two levels of production?
two levels of production are: 1-subsistance production2-surplus production
What was surplus food used for?
In agriculture sector the production of crop yield that is just sufficient for human consumption has no surplus for free market or as buffer stock. With technological application as inputs for agricultural production the crop yield is beyond the self sufficiency level. Such yield is called surplus food. In common usage , any production of food in excess of the number of people for consumption of the produced food is termed as surplus food.
Is an supermarket an example of surplus production?
NOOO stupid
What is the difference between subsistance production and surplus production?
the main difference between surplus and subsistance production are:-subsistance production you only produce or generate enough goods or services for your coutry an with surplusproduction you have sufficient amount of goods for your country an for trading
Which was the most direct result of the production of the surplus food?
Economic specialization
Which was the most direct result production of the surplus food?
economic specializtion
What is subsistence level of production?
A subsistence level of production is the bare minimum level of production that is needed. This concept can be applied to different situations. In the context of agriculture or farming, subsistence farming is the farmer produces enough food to feed the family and no more. Subsistence farming implies that the farmer and the farmer's family consumes as much as is produces and there is no surplus production. Subsistence farming continues to exist in parts of Latin America and Asia where there are still large quantities of peasants and villages. This concept can also be loosely applied to the means of production where subsistence level of production is producing enough to keep producing for the next cycle of production in which production is producing no profits but the firm is also not losing money.
A necessary precondition for a neolithic village to become a civilization in prehistory was the?
development of agriculture and the ability to produce surplus food.
What four methods can be used to increase a non-profit organization's surplus?
Are absolute surplu value,relative surplus vslue capitalist production and exchange value methods to increase an organization's surplus
Explain the three levels of production where business activity takes place and the main factors to be takes into account when choosing the location of a factory?
The 3 levels of production where business activity takes place are: 1. Subsistence level 2. Surplus level and 3. Domestic level. The main factors to be taken into account when choosing the location of a factory are: land, labour and capital.
