Ask Question
BusinessBusiness
20 March, 19:32

1. Why should people care about the amount of production that takes place within the economy?

+5
Answers (2)
  1. 20 March, 20:07
    0
    The amount of production within one's economy is important to the economy because of the laws of supply and demand. If the production rate is low, then the supply of goods or services is not efficient and the demand cannot be reached. If the goal for demand is failed to be reached, then the economy will fail.
  2. 20 March, 22:38
    0
    People should care about the amount of production that takes place in the economy because it's important to know when starting a business. The main thing you need to know is known as Supply and Demand.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “1. Why should people care about the amount of production that takes place within the economy? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Martha and martin are 25-year-old twins. Martha makes $1,000 end-of-year payments into her investment portfolio for 10 years and makes no payments after the end of the tenth year.
Answers (1)
Pumpkin Inc. sold $500 in pumpkins to a customer on account on January 1. On January 11 Pumpkin collected the cash from that customer.
Answers (1)
The budgeted unit sales of Weller Company for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 22,000 23,000 20,000 20,000 The company's variable selling and administrative expense per
Answers (1)
Which one of the following best matches the primary goal of financial management? Increasing the dollar amount of each sale Increasing traffic flow within the firm's stores Transforming fixed costs into variable costs Increasing the firm's liquidity
Answers (1)
Suppose a community spends $1 million on salaries and equipment for its police department. Because it believes that citizens are now more law abiding, the community decides to cut back on the number of police it employs.
Answers (1)
New Questions in Business
The Herjavec Co. just paid a dividend of $1.85 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. Investors require a return of 12 percent on the company's stock.
Answers (1)
Which mortgage would result in higher total payments? mortgage a: $970 a month for 30 years mortgage b: $760 a month for 5 years and $1005 for 25 years
Answers (1)
To assess the risk and return involved in a purchase decision, which practical questions should a potential buyer ask? Check all that apply.
Answers (1)
Euphrasia, a mixed open economy, was severely affected by a recession that almost paralyzed its service sector. The Euphrasian government announced a fiscal stimulus package of $15,000 billion to boost economic growth.
Answers (1)
Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of $4,000. The division sales for the year were $1,058,000 and the variable costs were $861,000.
Answers (1)
Home » Business » 1. Why should people care about the amount of production that takes place within the economy?
Sign Up Forgot Password?