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Do capital goods improve productive efficiency in market economies?
Wiki User
∙ 12y ago
Yes they do
Wiki User
∙ 12y ago
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What is allocative efficiency and productive efficiency?
Allocative and productive efficiencies are theoretical concepts in economics. Allocative efficiency is achieved in an economy when the distribution or apportionment of resources produces the greatest utility for consumers through its combination of products. For example, and for the sake of simplicity, envision an economy with two products: pizza and robots. In an allocatively-efficient economy, businesses are producing the right amount of each product to make consumers happy. Productive efficiency, on the other hand, is when an economy is using all of its resources efficiently, producing the greatest output for the smallest input. Productive efficiency, on a production possibility frontier, occurs on any points along the curve.
How can you improve your human capital?
Why don't you guys just come out and say the answer!!
How might countries improve their economies?
By raising food and selling goods.
How might the countries studied in this section improve their economies?
By not having a government based on Religion has improved their economies of North Africa and the other countries that are there.
For a developing country to improve economically...it must have?
capital
What capital expentiture mean?
Capital expenditure refers to the funds spent by a company to acquire, upgrade, or maintain physical assets such as property, equipment, or infrastructure. These expenditures are typically made to improve the long-term productive capacity or efficiency of the business.
What is allocative efficiency and productive efficiency?
Allocative and productive efficiencies are theoretical concepts in economics. Allocative efficiency is achieved in an economy when the distribution or apportionment of resources produces the greatest utility for consumers through its combination of products. For example, and for the sake of simplicity, envision an economy with two products: pizza and robots. In an allocatively-efficient economy, businesses are producing the right amount of each product to make consumers happy. Productive efficiency, on the other hand, is when an economy is using all of its resources efficiently, producing the greatest output for the smallest input. Productive efficiency, on a production possibility frontier, occurs on any points along the curve.
How can you improve your human capital?
Why don't you guys just come out and say the answer!!
How are africans working to improve their economies and social conditions?
i think it is a brithis economies between european.
To what extent is HR management able to improve the efficiency of a business?
To what extent is Human Resource Management able to improve the efficiency of the business.
What steps would you take to improve the overall efficiency of cash management of a firm?
steps taken to improve the efficiency of cash management
3 Explain how the lockbox system can improve the efficiency of cash management?
Explain how the lockbox system can improve the efficiency of cash management.
Important of information system in business?
to improve paformance to improve service tocustomers to improve efficiency
importance of business information system?
to improve paformance to improve service tocustomers to improve efficiency
How do you improve efficiency?
increased sa:v ratio
How does spooling improve efficiency of an os?
a lot
How might countries improve their economies?
By raising food and selling goods.
