Production Decisions in UK Manufacturing between 2010 to 2019

Production decisions in UK
manufacturing between 2010
to 2019

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK ..............................................................................................................................................3
Why inputs and costs impact the supply of goods and services in terms of production
decisions.................................................................................................................................3
Explain the perfect competition market and how it impact the supply of goods and services by
applying in any UK based industry........................................................................................4
CONCLUSION ...............................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Economics is the study that helps in decision making related to the square resources and
these are being used for the production of goods and services in the marketplace so that they can
generate a profitability. Supplies defined an amount that is being offered to the prospective buyer
by understanding their needs and wants so the manufacturer must focuses on keep updating
themselves in order to offer the product which can meet the current trends of the market. The
report is based on the cost and the inputs that is needed for the further production by taking the
consideration of UK economy. It also evaluate the certain production decision which is
impacting the overall supply in the large market of UK and it will evaluate the supply of
commodities within the manufacturing sector as well.
TASK
Why inputs and costs impact the supply of goods and services in terms of production decisions.
Supply: It is the given amount of commodity that is being offered by the company to
their potential buyer with the aim of generating higher value and scale what is establishing a
good brand image in the market. It is the general concept which says that increase in the prices
will directly impact the supply of the given good and the large market and they are of them
goods and services that can be the current trend of the marketplace. This choose the positive
relationship between the prices and the quantity supplied of the commodity as the price increases
the company will apply more at the time of generating more revenue in the market. The cost of
production includes raw material labour which directly impact in increasing the overall
production cost. It is refers to the quantity supplied by the company for meeting the needs and
wants of their bhaiya in the target mark it is that amount of which is being offered by the firm
with the aim of generating higher revenue and profitability highlighting the current trends of
market so that they can establish a good brand image in the marketplace.
Law of supply: it shows that there is a positive relationship between the prices and the
quantity supplied in the market. Its supplement increase in the prices of goods leads to rise
overall supply of the product in the market. On other hand decrease in the prices of the
commodity tense to reduce the overall supply in the large market.

According to the above the supply curve it is at that increased in the prices of product
impact the rise in the aural supply of the commodity. The given graph is upward sloping. When
the prices of the certain goods was at P3 then the supply of the firm is also at Q3. This impact
due to increase in the prices of goods which leads to to increase the overall so quantity supply in
the market.
Inputs: These are the aspects which has divided into four parts such as land labour capital and
entrepreneurship that helps in analysing the overall gross domestic product in UK.
 Land: These are the input which is being used by the companies to their infrastructure
but when it's come to the economic level of the national economy it become the wider
concept and includes the solar energy, river ocean that are included in renewable and
nonrenewable sources. These aspects helps in maintaining eco friendly environment
within the organisation and leading to the higher growth and profitability.
 Labour: Such aspect which is concerned for the abilities of the employees which is being
used by them in order to conduct their given job role for producing goods and services.
These attributes are basically depends upon the age working and the population. Ability
of the work done by the employee can be measured by evaluating the overall output
given by them in their specific job role.
 Capital: These are the certain resources that is being used by the companies for
producing product and services and includes commercial building equipments machinery
etc.
 Entrepreneurship: t is the certain job position or the authority which can be kept by the
individual by having some set of ability to face the uncertain risk in order to open their
own venture and produce goods and services to be for the sale in the market.
Costs: The overall expenses which has been incurred on the manufacturing of goods and
services are called the cost of the product. This also includes raw material labour cost and
manufacturing expenses.
Production Decisions: These are the certain consideration taken by the entrepreneur so that
they can manage the needs and wants of the customer and also ensures the benefits for the
company as well.
Impact on the production Decisions: