English

You receive a small loan to invest in better technology for your restaurant.  Will this increase the production or improve quality?, Will it help you reach more customers?

Advertisements
Advertisements

Question

Think like an economist. Let’s explore what happens when things change. If you were Ratna, what would you do in the following situations? Discuss with your classmates.

You receive a small loan to invest in better technology for your restaurant. 

  • Will this increase the production or improve quality?
  • Will it help you reach more customers?
Activity
Advertisements

Solution

  • Using advanced and efficient equipment can make cooking faster, increase production, and improve the overall quality of the food.
  • Yes, it would help the business serve more customers in less time through online orders and quick, short-distance deliveries.
shaalaa.com
  Is there an error in this question or solution?
Chapter 7: Factors of Production - Questions and activities [Page 183]

APPEARS IN

NCERT Social Science Exploring Society India and Beyond Part 1 [English] Class 8
Chapter 7 Factors of Production
Questions and activities | Q 10. III | Page 183
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×