Factors affecting production in an economy?

Question

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Answer 1

labor cost, education, cost of transporting end product, the cost of capital. there are many, a firm must ultamately consider opportunity cost and if they can eventually get to a point where they a producing at economies of scale

Answer 2

supply and demand. Not only supply of materials to make the product,but also of a labor force to make it. If the supplies are low cost will be high so demand for the product will be down. If demand for the product is higher than the supply then prices for the product will be up and so should be profit.  You can have a cheap labor force, cheap materials, and a cheap product and still not sell any if there is no demand for the product. Think 8 track tape players. You can have a high materials cost and high labor cost, but if there is still a high demand for the product you can still make a good profit. Think Rolex watches.

Answer 3

public demand

resources