0
Specialization is when factors of production perform only tasks they can do more efficiently than others. This is argued to maximize efficiency, but also increases interdependence among aspects of production.
What else can I help you with?
When factors of production perform only tasks they can do more efficiently than others?
Specialization is when factors of production perform only tasks they can do more efficiently than others. This is argued to maximize efficiency, but also increases interdependence among aspects of production.
When some factors of production can perform task more efficiently than others?
scarcity
When some factors production can perform tasks more efficiently than others?
specialization
Why is money a factor of production?
money acts as a factor of production. it is because the other factors of production are indirectly dependent on money. more the money paid to any factor of production more it will work. hence money encourages other factors of production to work more.
Factors of production of Coca Cola?
possible factors that will support to invest more in coffee production
Technology makes the other factors of production?
Yes technology is one of the factors of production. The use of technology helps saves time and human hour. Technology also helps saves cost.
What are some factors of production in the automotive industry?
There are so many factors of production in the automotive industry. Some of them include market demand, availability of resources, human resource, cost of production and so much more.
Is money a resource or factors of production?
Money is considered to be a factor of production figuring the more a company makes the more money they will earn.
What are the factors of production How can these help a farmer to grow more production on the same land?
Understand product knowledge，Teach them how to grow technology.
How does scarcity play a role in the factors of production?
it plays a role in the factor of production because if there is none, companies can produce more with a higher selling price.
What controls RBC production?
Red blood cell production, also called erythropoiesis, is mainly stimulated by a protein hormone called erythropoietin (EPO). Other factors, including cytokines like the colony-stimulating factors (CSFs) are also important.
Which of the factors contributed to the transition from the production era to the sales era?
The transition from the production era to the sales era was influenced by factors such as increased competition, saturation of markets with products, and the shift in consumer behavior towards wanting more choice and customization. This led businesses to focus more on promoting and selling their products to meet changing consumer demands.
