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Which manufacturing industry added the most value to the economy in 1879?
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What makes a healthy economy?
A healthy economy will be based on primary production , and manufacturing industries. Low value (low added value) activities such as retailing add little to a healthy economy.
GDP understates the value of output produced by an economy because it?
excludes value added from the underground economy, such as tips taken "under the table.
What should primarily motivate economic development according to socialism?
A socialist economy should be primarily motivated by social ownership, including public ownership and use-value manufacturing.
How do you measure gross national product?
By one of: 1) Income. Sum up all income in the economy from all sources. 2) Expenditure. Sum up all sources of spending in the economy. 3) Value-added. Sum up all value-added in the production of goods. All of which are equal.
How retailing helps the economic growth of the country?
By reselling goods it cheaters a worspace which require both workforce and capital. Workforce being paid is considered "employment compensation" and used up capital are main parts of value added in nation economy. Economic growth, which is most often refered to as GDP growth consists mainly of value added growth, therefore by retailing and making jobs you are helping economy grow. To put it simply: it creates jobs.
What makes a healthy economy?
A healthy economy will be based on primary production , and manufacturing industries. Low value (low added value) activities such as retailing add little to a healthy economy.
GDP understates the value of output produced by an economy because it?
excludes value added from the underground economy, such as tips taken "under the table.
What was the value of output for the softwood veneer and plywood industry in 2001?
The Bureau of the Census reported the value of output for the plywood and veneer (softwood) manufacturing industry as $4.4 billion for 2001. The demand for veneer and plywood depends on the construction industry.
What has the author Nathan Francis written?
Nathan Francis has written: 'The measurement of value added in manufacturing'
What is full form of VAR?
Value Added Reseller/Retailer - In Sales Industry
Why is oil and natural gas important?
The oil and natural gas industry is the backbone of the American economy and what happens in the industry reverberates throughout the entire economy. That's because the industry supports more than 9 million American jobs and makes significant economic contributions as an employer and purchaser of American goods and services. In 2009, the most recent year for which data is available, the industry supported a total value added to the national economy of more than $1 trillion or 7.7 percent of the U.S. gross domestic product.
Why is oil and gas important?
The oil and natural gas industry is the backbone of the American economy and what happens in the industry reverberates throughout the entire economy. That's because the industry supports more than 9 million American jobs and makes significant economic contributions as an employer and purchaser of American goods and services. In 2009, the most recent year for which data is available, the industry supported a total value added to the national economy of more than $1 trillion or 7.7 percent of the U.S. gross domestic product.
What has the author Thomas R Centner written?
Thomas R. Centner has written: 'Value added, employment and wage measures of the economic importance of Florida forestry and forest products manufacturing' -- subject(s): Forest products industry, Statistics
What is industrial valve?
value added equals the difference between an industry's gross output.
Most valuable forest industry in Canada?
With industry in general, the most valuable ones are those that have the highest added value. That is they have a much larger selling price for their output compared with the buying price of the input material. In the case of forest products, raw felled logs would have a low added value, whereas making paper would have a higher added value. Similarly, furniture making would have an even higher added value. Generally, the amount of added value is highly dependent on the amount of capital needed to set up the industry. But fine hand crafted products could have a high added value, but still have a modest capital needs.
Is it accurate to claim that all organization add value if they are successful?
It depends on how your organization defines "value". In a strictly manufacturing environment, "value added" refers only to processes that change the characteristics of the component or product. So if the organization successfully changes the characteristics of the product or component, then it is value-added. Also an organization can be "value-added" and not be successful.
What is manufacturing cycle efficiency?
Manufacturing Cycle Efficiency is value add (VA) time divided by non-value add(NVA) time. That is, in the entirety of a process flow or value stream flow, the total of value added time divided by the total of non-value added time. For example, total manufacturing cycle time of 28 days. Of the total, let's say there is 1 day worth of VA time and 27 days of NVA time. That means your cycle efficiency comes to 3.7%.
