By custom whatever The government Consumer choices – was produced in the decides dictate What To Produce? past what should be the success of produced goods/services The government owns most of the means of production By custom however The government does Business leaders – How to Produce? items were produced in the choose the past planning for the means of production: production factory locations, the Their goal is the most occupations of workers efficient and and profitable their salaries methods By custom whoever The government The consumers’ – For Whom To usually received controls the income Produce? products will distribution system for determines who receive them goods/services: receives housing, which goods/services transportation, consumer and sets prices Business Organizational Structures
What To Produce? By custom – whatever was produced in the past The government decides what should be produced The government owns most of the means of production Consumer choices dictate the success of goods/services How to Produce? By custom – however items were produced in the past The government does the planning for production: factory locations, the occupations of workers and their salaries Business leaders choose the means of production Their goal is the most efficient and profitable methods For Whom To Produce? By custom – whoever usually received products will receive them The government controls the distribution system for goods/services: housing, transportation, consumer and sets prices The consumers’ income determines who receives which goods/services Business Organizational Structures
unit_1_introduction_to_agribusiness_lesson_plan.docx