In Most Industrialized Societies,the Basic Unit of Production Is The

question 62

Multiple Choice

In most industrialized societies,the basic unit of production is the:

• A) individual.
• B) household.
• C) village.
• D) government.
• E) private company.

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Definitions:

Stable Workforce

A stable workforce refers to a work environment where the number of employees and their job roles remain constant over time, minimizing turnover and fostering consistent productivity and organizational knowledge.

Higher Wages

Increased compensation paid to workers, usually as a result of economic policies, bargaining agreements, or market conditions, leading to improved living standards.

Follow Demand

A strategy where production levels are adjusted in response to changes in market demand.

Self-Directed Teams

Groups of employees who are given autonomy to plan and manage their own work, often including the authority to make decisions about processes, tasks, and goals.