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When firm is considering how its goods will be produced what must it first consider?
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∙ 9y ago
how to best use the land to which it has access
Bria Cummings
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When a firm is considering how its goods will produced what must it first consider?
how to best use the land to which it has access
When a firm is considering how it's goods will be produced what must it first consider?
how to best use the land to which it has access
Why is what to produce a problem in every economy?
What to produce?There are two aspects of this problem--- firstly, which goods should be produced, and secondly, what should be the quantities of the goods that are to be produced. The first problem relates to the goods which are to be produced. In other words, what goods should be produced? An economy wants many things but all these cannot be produced with the available resources.Therefore, an economy has to choose what goods should be produced and what goods should not be. In other words, whether consumer goods should be produced or producer goods or whether general goods should be produced or capital goods or whether civil goods should be produced or defense goods. The second problem is what should be the quantities of the goods that are to be produced.Production of goods depends upon the use of resources. Hence, this problem is the problem of allocation of resources. If we allocate more resources for the production of one commodity, the re­sources for the production of other commodities would be less.
Why is to produce a problem in every economy?
What to produce?There are two aspects of this problem--- firstly, which goods should be produced, and secondly, what should be the quantities of the goods that are to be produced. The first problem relates to the goods which are to be produced. In other words, what goods should be produced? An economy wants many things but all these cannot be produced with the available resources.Therefore, an economy has to choose what goods should be produced and what goods should not be. In other words, whether consumer goods should be produced or producer goods or whether general goods should be produced or capital goods or whether civil goods should be produced or defense goods. The second problem is what should be the quantities of the goods that are to be produced.Production of goods depends upon the use of resources. Hence, this problem is the problem of allocation of resources. If we allocate more resources for the production of one commodity, the re­sources for the production of other commodities would be less.
What determines what goods and services are produced?
Consumers determines what goods and services are produced.
When a firm is considering how its goods will produced what must it first consider?
how to best use the land to which it has access
When a firm is considering how it's goods will be produced what must it first consider?
how to best use the land to which it has access
What are the five problems all economic system face?
Which goods should be produced? How will the goods be produced? For whom will the goods be produced? How much goods should be produced? At what rate will the goods depreciate? A+
What are Five problems all economic systems face?
Which goods should be produced? How will the goods be produced? For whom will the goods be produced? How much goods should be produced? At what rate will the goods depreciate? A+
Why is what to produce a problem in every economy?
What to produce?There are two aspects of this problem--- firstly, which goods should be produced, and secondly, what should be the quantities of the goods that are to be produced. The first problem relates to the goods which are to be produced. In other words, what goods should be produced? An economy wants many things but all these cannot be produced with the available resources.Therefore, an economy has to choose what goods should be produced and what goods should not be. In other words, whether consumer goods should be produced or producer goods or whether general goods should be produced or capital goods or whether civil goods should be produced or defense goods. The second problem is what should be the quantities of the goods that are to be produced.Production of goods depends upon the use of resources. Hence, this problem is the problem of allocation of resources. If we allocate more resources for the production of one commodity, the re­sources for the production of other commodities would be less.
Why is to produce a problem in every economy?
What to produce?There are two aspects of this problem--- firstly, which goods should be produced, and secondly, what should be the quantities of the goods that are to be produced. The first problem relates to the goods which are to be produced. In other words, what goods should be produced? An economy wants many things but all these cannot be produced with the available resources.Therefore, an economy has to choose what goods should be produced and what goods should not be. In other words, whether consumer goods should be produced or producer goods or whether general goods should be produced or capital goods or whether civil goods should be produced or defense goods. The second problem is what should be the quantities of the goods that are to be produced.Production of goods depends upon the use of resources. Hence, this problem is the problem of allocation of resources. If we allocate more resources for the production of one commodity, the re­sources for the production of other commodities would be less.
How Germany produced goods and service and why?
Germany goods and service are produced
What determines what goods and services are produced?
Consumers determines what goods and services are produced.
What did the new American middle classs create?
A market for mass-produced goods
What four basic decisions does the economic system help us make?
1. What goods and services should be produced.2. How goods and services should be produced.3. Who should have the goods and services produced and how much is the cost.4. How much of these goods and services should be produced.
What was the first model of Beko washing machines ever produced?
The first Beko (a brand of the Turkish Arcelik group) washing machine was produced in 1959. It was the first product Arcelik produced to enter the white goods sector.
Why are goods produced?
Goods are produced to meet a demand. Consumers want the goods, they are willing to pay, the supplier must produce the goods or risk loss.
