Distinguish clearly between a plant, a firm, and an industry
Distinguish clearly between a plant, a firm, and an industry?
Expert
Production takes place in plant which is an operating unit. This production can be developed, wholesaling, warehousing, retailing, farming, and mining anything which in short it is essential for the manufacture and allocation of product and services.
The business organization of a firm owns one or more than one plants. A firm can be very huge like General Motors that possess many plants in many countries, or very small, such as an independent corner grocery.
An industry is rather a random grouping of firms producing comparable products like a steel industry. There may be a problem defining which firms belong to an industry; the firms in the automobile industry produce many non-automotive products.
Write down the external factors which influencing the capital structure?
Contrast a vertically integrated firm, a horizontally integrated firm, and a conglomerate?
Describe unequal burdens of unemployment exist?
Suppositions underpinning simple production possibilities frontier models don’t comprise a need that: (i) Net resources are fixed. (ii) All resources are efficiently employed. (iii) Technology is steady. (iv) Resource owners are paid according t
Transaction costs tend to be decreased and markets are more efficient when: (w) the government subsidizes a good. (x) inter-market price differentials are eliminated through arbitrage. (y) taxes are used to give for social wants. (z) regulations close
Describe four important areas to emphasize Expenditures?
“Natural price” by Adam Smith of a good was eventually determined through: (1) the amount of capital used within production in the short run. (2) long-run average costs of production, that Adam Smith believed to be the amo
How did producers decide on the best combinations of resources to use? Who made these resources available, and why?
How the government can increase the overall effectiveness of the market system?
18,76,764
1923928 Asked
3,689
Active Tutors
1431124
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!