Top Posters
Since Sunday
c
6
r
4
c
3
m
3
h
3
1
3
n
3
s
3
d
3
c
3
a
3
r
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
ericayi ericayi
wrote...
Go to Answer
Posts: 144
Rep: 0 0
11 months ago

Roundabout methods of production are said to be productive. What does this mean?



▸

Goods are best produced by many people working together-as in a circle.



▸

If you go round and round thinking about something, you will usually come up with the right way to do it-so you minimize on mistakes.



▸

If you take the most direct route to producing a good, you will save time, and time is something that producers want to save since "time is money."



▸

If you take time out to produce a capital good, with that capital good you can produce more than you could produce without it.

Textbook 
Economics

Economics


Edition: 12th
Author:
Read 49 times
1 Reply
Replies
Answer verified by a subject expert
mhmoud123mhmoud123
wrote...
#1
Posts: 151
Rep: 0 0
11 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

ericayi Author
wrote...

11 months ago
Brilliant ツ
mcraver1
wrote...

Yesterday
This helped my grade so much Perfect
Harvinder
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1600 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 239
  
 357
  
 587
Your Opinion
What's your favorite coffee beverage?
Votes: 303
Previous poll results: What's your favorite funny biology word?