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The ability to produce a product or service at a better cost is called increase productivity. The United States of America leads the world in productivity.

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Q: What is The ability to produce more cheaply?
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Related questions

When one country can produce a product more cheaply than another country. what can this be called?

When one country can produce a product more cheaply than another country this is called comparative advantage. When one country can produce more goods than another using an equal amount of resources, this is called absolute advantage.


When one country can produce a product more cheaply than another country can this is called?

comparative advantage


When one country can produce a product more cheaply than another country can this is called a?

comparative advantage


What does mass produce?

to produce a lot of goods cheaply using machines in a factory


What is an established businesses can produce products more cheaply and quickly than smaller businesses?

t is known as Economics of scale


What made it possible for factories in early American history to produce goods more quickly and cheaply?

Child labor was introduced


What does mass-produce mean?

to produce a lot of goods cheaply using machines in a factory


What is a large company's ability to take advantage of economies of scale?

The company can offer goods more cheaply than smaller retailers


Which of the following results from a large company's ability to take advantage of economies of a scale?

The company can offer goods more cheaply than smaller retailers.


What is the measure ability to survive and produce more offspring relative to other members of the population called?

Fitness is a term that is used to measure the ability to survive and produce the most offspring.


What made it possible for henry ford to produce cars quickly and cheaply?

assembly line


Why did the people build factories?

To move out from small workshops and houses into huge buildings where people saw the opportunity to produce products quickly and cheaply. The owners employed people cheaply and the majority were children.