could production and consumption take place without money
An Economist studies the production distribution and consumption of goods and services
Production and consumption is another way of saying supply and demand. If production far exceeds consumption for a particular product, the market becomes flooded or saturated and the price of the product goes way down. If consumption far exceeds production, there is a major shortage of the product, so its price goes way up. It is usually best to produce just enough to keep your prices competitive. However, it is certainly not a bad thing to put so much quality into certain products that it causes production to be far below market demands, as long as your customers recognize the difference in quality and are willing to pay extra for it. I think that is the sort of corporate behavior that builds brand loyalty.
economics
isn't it is the consumption. production,
between consumption production
Indian heritage in production and consumption
that in production you sell and in consumption you buy:)
could production and consumption take place without money
it has 5
An Economist studies the production distribution and consumption of goods and services
An Economist studies the production distribution and consumption of goods and services
Production and consumption is another way of saying supply and demand. If production far exceeds consumption for a particular product, the market becomes flooded or saturated and the price of the product goes way down. If consumption far exceeds production, there is a major shortage of the product, so its price goes way up. It is usually best to produce just enough to keep your prices competitive. However, it is certainly not a bad thing to put so much quality into certain products that it causes production to be far below market demands, as long as your customers recognize the difference in quality and are willing to pay extra for it. I think that is the sort of corporate behavior that builds brand loyalty.
In the modern age, production and consumption are at an all time high in Western Europe. The idea of getting back to a simple lifestyle should reduce both production and consumption after some time.
economics
Food production is the process of preparing food to sell to consumers for consumption.
Economic