Goods are produced in various locations worldwide, often in factories, farms, or workshops, depending on the type of product. Manufacturing hubs are typically found in countries with established industrial infrastructure, while agricultural goods are produced in rural areas. Global supply chains facilitate the movement of raw materials and finished products across borders, allowing for diversified production based on cost, resources, and labor availability.
they let the customers and citizens decide.
It is the demand and supply which determines the goods and services to produce in the economy.
That's easy, you produce them for customers.
Home produce refers to goods that are made or grown within one's own country, while foreign produce refers to goods that are made or grown in other countries.
Capital Goods.
Yes, China did produce goods.
they let the customers and citizens decide.
It is the demand and supply which determines the goods and services to produce in the economy.
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
That's easy, you produce them for customers.
Home produce refers to goods that are made or grown within one's own country, while foreign produce refers to goods that are made or grown in other countries.
Capital Goods.
to produce enough goods to meet demand while making a profit
When trying to decide what to produce, businesses will look at the demand for their goods.
to produce enough goods to meet demand while making a profit
to produce enough goods to meet demand while making a profit
When trying to decide what to produce, businesses will look at the demand for their goods.