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Economic activities are related to the production and distribution of goods and services in a particular geographic region.

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Define Chain of Production?

The various stage of production right from extraction of raw materials to the distribution of finished goods to the final consumers The various stage of production right from extraction of raw materials to the distribution of finished goods to the final consumers


Is commerce a part of the process of production?

Commerce is not a direct part of the production process; rather, it involves the activities related to the buying and selling of goods and services. Production refers to the creation of these goods and services, while commerce facilitates their distribution and exchange in the market. Essentially, production and commerce are interconnected, with commerce playing a crucial role in bringing produced goods to consumers.


What are two activities performed by production systems?

Two activities performed by production systems are planning and scheduling. Planning involves determining how resources should be allocated to meet production goals, while scheduling involves establishing the sequence and timing of production activities to optimize efficiency.


What makes an economy?

An economy is made up of the production, distribution, and consumption of goods and services within a specific geographic region. It involves various factors such as businesses, consumers, resources, labor, technology, government policies, and financial systems working together to determine the overall health and growth of the economy. The interactions between these elements shape the economic activities and outcomes in a country.


Production of particular goods by particular people in particular places is called?

Production of particular goods by particular people in particular places is called "specialization." This concept refers to the focus on specific tasks or products by individuals or groups, which can enhance efficiency and productivity. Specialization often arises from factors such as local resources, skills, or market demands, leading to increased expertise and improved quality in production.

Related Questions

What Activities related to the production and distribution of goods and services in a particular geographic region.?

This is called an economy.


Write a complete definition for the term economics?

Activities related to the production and distribution of goods and services in a particular geographic region.


The geographic principle under which particular peoples and particular places concentrate on the production of particular goods is known as?

The geographic principle under which particular peoples and particular places concentrate on the production of particular goods is known as local functional specialization.


What is the geographic principle under which particular peoples and places concentrate on the production of particular goods?

The geographic principle under which particular peoples and particular places concentrate on the production of particular goods is known as local functional specialization.


What is The geographic principle under which particular peoples and particular places concentrate on the production of particular goods is known as?

The geographic principle under which particular peoples and particular places concentrate on the production of particular goods is known as local functional specialization.


What are 3 economic activities?

capital production distribution


Production does not include?

Production does not include distribution, marketing, or sales activities. It specifically refers to the process of manufacturing or creating goods or services.


What is the definition of economies?

Economy is thrifty management; frugality in the expenditure or consumption of money, materials, etc. Economy is also the system of production and distribution and consumption.


What is an acceptable definition of economy?

An economy (or "the economy") is the realized social system of production, exchange, distribution, and consumption of goods and services of a country or other area. A given economy is the end result of a process that involves its technological evolution, civilization's history and social organization, as well as its geography, natural resource endowment, and ecology, among other factors. These factors give context, content, and set the conditions and parameters in which an economy functions.


What tasks are involved in physical distribution?

Activities involved with the physical distribution process include transporting, warehousing, forecasting, processing orders, inventorying, production planning, selecting sites, and servicing customers.


What is a word with ectonomy?

A word that contains "ectonomy" could be "economy," which refers to the system of production, distribution, and consumption of goods and services in a particular area.


What is the define of succession?

The gradual and orderly process of ecosystem development brought about by changes in community composition and the production of a climax characteristic of a particular geographic region bella eves