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s344n2d4d5 [400]
3 years ago
11

This label is an example of

Social Studies
1 answer:
Sindrei [870]3 years ago
7 0

Answer:

Producer innovation in a market economy.

Explanation:

It should be understood that there are millions of individuals and companies that produce products that look alike. For example, there are many companies that produce balls that are of the same size, shape and colour. This is the reason why each producer has a mark or logo or sticker that it puts on its product. This is done to differentiate it's product from others that look exactly the same. This logo or mark is known as label.

In this case, the label will distinguish a producer innovation in the market from others.

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During World War II, the opportunity cost of dedicating the majority of productive resources to manufacturing weapons and other military goods, was that these resources could not be used for producing other things, not even food or other basics.

At that moment in history, even tough some economies were growing in term of absolut production figures, there was a shortage of food and people suffered from hunger.

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3 years ago
3. In connection to the previous activity, what is the relevance of the word
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The correct answer to this open question is the following.

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