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What is th logic of producing winter clothing in countries whose residents have very little demand for such clothing?
Although there is no domestic market for countries whose residents produce winter clothing, there is a domestic supply curve. If the world price for clothing is above the minimum price at which the countries would supply any clothing, then in free trade the countries would produce and export the clothing. The countries gain from this because it creates producer surplus.
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Where is o'Neill clothing made?
O'Neill clothing is primarily made in various countries, including China, Vietnam, and the Philippines. The brand sources its products from multiple manufacturers to ensure quality and meet demand. O'Neill focuses on producing surf and lifestyle apparel, often utilizing materials suited for aquatic activities. The specific manufacturing locations can vary by product line and season.
What are the top five brass producing countries?
The top five brass producing countries are China, India, Germany, Japan, and the United States. These countries have significant raw materials, manufacturing capabilities, and demand for brass products, leading to their high production levels.
What factors determine supply and demand of iron ore?
The supply and demand of iron ore are influenced by several factors, including global economic growth, particularly in steel-producing countries like China, which drives demand for iron ore. Supply is affected by mining production levels, technological advancements, and regulatory policies in producing countries. Additionally, fluctuations in prices and the availability of substitutes, such as scrap steel, can also impact both supply and demand dynamics. Seasonal factors and geopolitical events may further disrupt production and trade flows.
How did countries react to the demand to convert paper money into gold?
The demand to convert paper money into gold was a demand beyond what the treasuries of countries could supply.
Why doesn't Hollister sell plus size clothing?
They do not have a lare demand for plus size clothing. Hollister does not specialize in clothing for plus sizes.
What is the primary function of the Organization of Petroleum Exporting Countries?
The Middle East countries were not really aware of the concentration of oil wealth until World War 2, when demand for oil rose sharply. Thus, oil-producing states established the OPEC to promote their interest in higher revenues.
Why do nations specialize in certain goods and services?
Because countries have different natural, human, and capital resources and different ways of combining these resources, they are not equally efficient at producing the goods and services that their residents demand. The decision to produce any good or service has an opportunity cost, which is the amount of another good or service that might otherwise have been produced. Given a choice of producing one good or another, it is more efficient to produce the good with the lower opportunity cost, using the increased production of that good to trade for the good with the higher opportunity cost.
What effects did nationalism and the demand for form have in Europe?
It united countries and divided countries.
What are the top three shoe producing countries?
The top three shoe-producing countries are China, Vietnam, and India. China is the largest producer by a significant margin, known for its vast manufacturing capabilities and supply chains. Vietnam has emerged as a key player due to its competitive labor costs and favorable trade agreements. India is also growing in the footwear sector, benefiting from its large workforce and increasing domestic demand.
What determines prices in the market?
The cost of producing a good or service along with the demand for that good or service.
Why was there a demand for slaves among European countries?
The European has demand for slave it is because of the wines and guns that Africagave them.
Difference Industry demand and Company demand?
firstly group of firms make industry when demand of particular product faced by all companies producing that product or its substituates it is called industry demand like pipe industy effected by shortage of steel
