0
What else can I help you with?
What do economists refer to scarce rescources as?
Economists refer to scarce resources as "factors of production" or "economic resources." These include land, labor, capital, and entrepreneurship, which are limited in availability and necessary for producing goods and services. Scarcity necessitates making choices about how to allocate these resources efficiently to meet the needs and wants of society. This fundamental principle underlies much of economic theory and decision-making.
What do government economists focus on?
Government economists work for federal, state, and local governments in a wide variety of positions involving analysis and policy making.
What information can geographers provide to help economists making decision?
They can tell them which country they are living in.
Why do you believe that economists focus on coast?
Economists focus on cost because it plays a crucial role in decision-making and resource allocation. Understanding costs helps determine the feasibility and efficiency of various economic activities, guiding businesses and policymakers in optimizing production and consumption. Additionally, analyzing costs allows economists to assess trade-offs and opportunity costs, which are essential for evaluating the potential benefits of different choices. Overall, cost considerations are fundamental to the principles of economics and market functioning.
What is Making production decisions?
Making production decisions involves assessing various factors to determine how to efficiently produce goods or services. This includes evaluating resources, costs, technology, and market demand to optimize the production process. The goal is to maximize output while minimizing costs and meeting quality standards. Effective production decisions contribute to a company's overall profitability and competitiveness in the market.
What is the difference between production and productivity?
Production refers to the process of creating goods or services, while productivity measures the efficiency of this production process by comparing outputs to inputs, such as labor or resources used. In other words, production is the act of making something, while productivity is a measure of how well and efficiently that something is made.
What is a product in production?
A product is the end result of production. Production is making something or putting something together. Like 7+4=11. :)
What are the divisions in film making?
Roughly, one can divide he process of making a film into three divisions: pre-production, production and post-production. Then, the film moves into the marketing and advertising process, which has its own set of divisions.
What is a product is biology?
A product is the end result of production. Production is making something or putting something together. Like 7+4=11. :)
What does went about making means?
Making something is a process. If you could miracle something into existence instead of making it, you'd be God, yes?
What is batch production and how do jigs help with the process?
Batch production is a technique used to make lots of identical objects, known as a batch. Jigs help batch production by making the process quicker.
What is organisational?
The process of making something more orderly.
What process is involved in making toys and other objects made of metals?
production
What are Movie production companies?
They are companies who oversee the process of making and releasing movies.
How do bags making machines contribute to the efficiency of the manufacturing process?
Bag making machines contribute to the efficiency of the manufacturing process by automating the production of bags, which reduces the need for manual labor and increases the speed and consistency of production. This results in higher output, lower production costs, and improved overall efficiency in the manufacturing process.
What do economists refer to scarce rescources as?
Economists refer to scarce resources as "factors of production" or "economic resources." These include land, labor, capital, and entrepreneurship, which are limited in availability and necessary for producing goods and services. Scarcity necessitates making choices about how to allocate these resources efficiently to meet the needs and wants of society. This fundamental principle underlies much of economic theory and decision-making.
What is the process for making large quantites of items?
I believe what you are trying to refer to is mass-production.
