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Define the following in your own thinking

1. What are the product and service to produce?
2. How to products?
3. For whom to produce?
4. Availability to produce​

Sagot :

Marilougabrillo7idn

Answer:

1.What are Products and services - A Product is a tangible item that is put on the market for acquisition, attention, or consumption, while a Service is an intangible item, which arises from the output of one or more individuals.

2.How to products - descriptive study of economy.

• point of view

• benefits

• expenditures

normative study of economy.

• optimizing a new product

• optimizing a production

• optimizing pricing

3.For whom to produce - Advertisements : in nutshell, an economy has to allocate it's resources and choose from different potential bundles of goods.

4.Availability to produce - is the actual time that the machine or system is capable of production as a percent of total planned production time. Availability rate should not be confused with overall availability.

Explanation:

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