The resources of production are always limited in relation to the various limitless needs of society. The limiter of labor as a resource is the total number of the able-bodied population of each country. The quantity of means of production is limited by the productive capacity of the economy in a particular period of time. […]
Tag: equally
Geometric interpretation of optimization problems of linear programming
Suppose it is necessary to find the optimal plan for the production of two types of products (x1 and x2), i.e. such a plan in which the target function (total profit) would be maximum, and the available resources would be used in the best way. The task conditions are shown in the table: Type of […]
STRUCTURE AND FEATURES OF THE FRENCH ECONOMY
Agriculture in France accounts for 2.4% of GDP, industry for 26.5%, and services for 71.1% of GDP. The share of industry in GDP is 11 times greater than the share of agriculture. Industrial products account for about 80% of the value of exports. At the same time, the post-industrial orientation of the economy is obvious. […]
Major capitalist countries
USA, Japan, Germany, France, Great Britain, Italy and Canada (they are also called the Big Seven). These countries lead the world in terms of economic, scientific and technological potential, total GDP, the most diversified economies, and the largest human potential. These countries account for about 70% of the world’s industrial output, all foreign direct investment. […]