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How does a production possibilities curve illustrate how efficient an economy is?
A production possibilities curve illustrates how efficient an economy is by indicating the possibly opportunities in the economy. This will also illustrate the relevant costs entailed in the production.
What did economic opportunities after the War of 1812 include?
Economic opportunities after the War of 1812 included growth of the textile industry in most places. This is what translated into the increased production of cotton.
What are disadvantages of direct production?
limited employment opportunities. it is possible in limited sectors. poor quality products. no income generation.
What postwar developments coincided with heightened consumer demand?
wartime production capacity and technological developments were shifted to civilian applications, production continued to increase, and new ventures were formed to take advantage of the opportunities.
What are productive opportunities?
Productive Opportunities by Kayors A short answer which I hope will help: The definition of what can be produced within an economy or "productive opportunities" would depend on the advancement of technology, the availability and access to resources and also what producers and entrepreneurs can think of at the given time. If you are into economics, a simpler understanding can be derived from the Production Possibilities Frontier Model which also explain the concept of scarcity and opportunity cost. A more in-depth view may be obtained from production theory.
What is the relationship between production possibility frontier and opportunity cost?
An opportunity cost is the alternative choices that can be made with the allocation of scarce resources. A production possibility frontier is a graph illustrating those opportunities and comparing their results.
What has the author Ann Folke written?
Ann Folke has written: 'Opportunities in theatrical design and production' -- subject(s): Theater, Vocational guidance
What are some trends in history?
Increasing efficiency in food production, advancement of numerous technologies, and increasing educational opportunities (relative to the past) to name a few.
What type of jobs can sound engineers get?
A sound engineer can get jobs in areas such as television and movies, music production, and radio to name a few. Sound engineer's are vital to any type of production that involves sound. Depending on your experience, you have a world of opportunities waiting.
What are promotional opportunities?
promotional opportunities are opportunities
What are the importance of privatization?
importance of privatization 1.increase in production effincies. 2.bring employment opportunities to people 3.better service to customers 4.easy funding
What has the author W Gordon Kearl written?
W. Gordon Kearl has written: 'Opportunities for economic development and potential for production agriculture in Wyoming' -- subject(s): Agriculture, Economic aspects of Agriculture
