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Why is production surplus is important?
Production surplus is important because it indicates the efficiency and productivity of an economy, reflecting the difference between what producers are willing to supply at a given price and the actual market price. This surplus allows producers to reinvest in their operations, fostering growth and innovation. Additionally, it benefits consumers by providing them with lower prices and a greater variety of goods and services. Overall, production surplus contributes to economic stability and development.
Does China have a trade surplus or a trade deficit?
surplus Quantify the surplus amount as in March 2011
Which causes the price of grain from the plains to fall?
A surplus in crops
How are consumer surplus and producer surplus measured?
Consumer surplus and producer surplus are measured using the price applied. Consumer surplus is when a consumer pays a less amount than expected while producer surplus is when a product fetches more money that expected.
How consumers surplus is converted into producer surplus and vice versa in different market structure?
Once the supply is decreased, consumer surplus will decrease. Producer surplus will decrease as well because neither is at the equillibrium. There will be a surplus leftover after the price increases. Once the supply is decreased, consumer surplus will decrease. Producer surplus will decrease as well because neither is at the equillibrium. There will be a surplus leftover after the price increases.
Why is surplus important?
Surplus is important because the Hopi barely had food so they stored any surplus food
What four industries were important to the economy of New England?
whalingfishingbuildinggrew surplus
Why is it important for farmers of communities to build a surplus?
so they can use it to farm with
Why is production surplus is important?
Production surplus is important because it indicates the efficiency and productivity of an economy, reflecting the difference between what producers are willing to supply at a given price and the actual market price. This surplus allows producers to reinvest in their operations, fostering growth and innovation. Additionally, it benefits consumers by providing them with lower prices and a greater variety of goods and services. Overall, production surplus contributes to economic stability and development.
Why was it important for the Hopi to store surplus food?
So that they were always prepared for any situation
Why was the ability to produce an agricultural surplus so important to the development of civilization?
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What is the acronym of surplus?
surplus
Does China have a trade surplus or a trade deficit?
surplus Quantify the surplus amount as in March 2011
What is landform of surplus farming?
Surplus farming is not a landform. A surplus is a quantity greater than required, it is possible to have a surplus from any fertile ground.
What is the analogy of surplus?
SURRENDER : OPPOSITION :: surplus :
Which causes the price of grain from the plains to fall?
A surplus in crops
Is surplus a homophone?
There is no homophone for the word surplus.
