Explain are machinery-equipment and processes outdated


Identify the capital resources for the country you selected for your term paper (Phillipines). Are the machinery, equipment, and processes outdated? What would a firm need to do to ensure production efficiency, if anything at all? What is its balance of trade and balance of services? How will these figures impact firms. Explain, using the tools of economic analysis to support your thoughts.

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Microeconomics: Explain are machinery-equipment and processes outdated
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