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What is the term that describes the spreading of materials money and human resources to get work done in the most economical and efficient manner?
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∙ 7y ago
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In economics which term describes a situation in which there are limited resources and unlimited needs and wants?
When there are limited resources and unlimited need and wants, this is called scarcity. Because of scarcity, plans must be put in place to make sure the available resources are allocated in the most efficient way.
What is the most efficient combination of resources in producing any output?
The most efficient combination would be one which uses the smallest total quantity of all resources
What encourages businesses to be efficient in their use of resources?
competiton
Encourages businesses to be efficient in their use of resources?
Competition
What encourages businesses to be efficient in the use of their resources?
competiton
Why do countries adopt unitary system?
The unitary system of government is typically adopted because it is a more cost efficient system. Not only is it more modestly priced, but it is also very economical in terms of personnel and material resources.
What is the definition of Lean Manufacturing?
Lean manufacturing is a term that describes a philosophy of optimizing time, resources and effort in order to be more efficient and improve the quality of the product.
In economics which term describes a situation in which there are limited resources and unlimited needs and wants?
When there are limited resources and unlimited need and wants, this is called scarcity. Because of scarcity, plans must be put in place to make sure the available resources are allocated in the most efficient way.
A survey of resources for efficient guidance and counseling service in tertiary institutions?
A survey of resources for efficient guidance and counseling service in tertiary institutions?"
Which sentence contains an example clue that helps the reader understand the meaning of frugal?
Economical in the use or appropriation of resources; not wasteful or lavish; wise in the expenditure or application of force, materials, time, etc.; characterized by frugality; sparing; economical; saving; as, a frugal housekeeper; frugal of time., Obtained by, or appropriate to, economy; as, a frugal fortune.
What does economising of resources means?
it means optimum utilisation of resources or efficient management of resources as to maximise output.
What is the most efficient combination of resources in producing any output?
The most efficient combination would be one which uses the smallest total quantity of all resources
Which of these encoirages businesses to be efficient in their use of resources?
Competition
What encourages businesses to be efficient in their use of resources?
competiton
Encourages businesses to be efficient in their use of resources?
Competition
What is the efficient use of resources called?
It is called "Conservation". &: )
What encourages businesses to be efficient in the use of their resources?
competiton
