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Which economic goal is associated with the idea of achieving maximum fulfillment of economic wants using the available productive resources?
Adh99
Economic efficiency.
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∙ 11y ago
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What is the definition of production efficiency?
Production efficiency is a situation in which it is not possible to produce any more units of a good without giving up the opportunity to produce another good unless a change occurs in available productive resources.
How do people act as a resource for a country?
People act as resources to their country by being productive in their country. Being productive entails a lot, for example producing crops in a large scale and hiring people to work for you. You reduce unemployment and play a role in preventing hyper inflaton because you make a certain product available at a reasonable price. On this regard civil servants are also productive.They usually 'produce' service.
What is a production function concept?
Production function Equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained. It states the amount of product that can be obtained from every combination of factors, assuming that the most efficient available methods of production are used. The production function can thus measure the marginal productivity of a particular factor of production and determine the cheapest combination of productive factors that can be used to produce a given output.
What is the role of capital market to Nigerian economy?
The role of capital market to Nigerian economy is to mobilize long-term funds. To provide a mechanism for mobilizing private and public savings and makes such funds available for productive purposes.
What are the economic benefits of cooperative society?
One advantage cooperative societies have is the ability to share their resources. With more available as a community, they can overcome a lot of problems associated with scarcity.
Is a desert very productive?
A desert can be productive if water is available for irrigation.
What does Global Fulfillment Services do?
Global Fulfillment Services are the fulfillment of telecommunications services and involve a series of supply chain activities responsible for assembling and making services available for subscribers.
Why Ghana is less productive?
less row material available
Why were workers in factory so productive?
Workers were available factory jobs because of the High Wages.
With which program are PDF files associated with?
PDF files are mainly associated with Adobe Reader, available at http://www.adobe.com
What was associated with the market revolution?
largely because of the increase in available transportation
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Marketing is the promotion and selling of the services or the products in a company. Marketing includes research and advertising. Research allows the company to have a perspective on the needs and wants of the consumer. Advertising allows the consumer to know what services and products are available. Marketing is productive for these reasons.
how can I get grant money for school?
By doing sports and achieving some outstanding results. Also, by participating in different competitions during the school year which are available for you.
Which of these is not a method for achieving unity in art-?
Capitalism is not a method for achieving unity in art. Unity in art is often achieved through principles of design such as balance, harmony, and repetition. Economic systems like capitalism are not typically considered when discussing artistic unity.
What is India's most agriculture productive area?
according to me Punjab is the most productive area in India in the means of agriculture. being situated in the indo gangetic plains,it is really fertile.also it is the area with 5 rivers that flow all over the state making irrigation facility available in India. thus the Punjab state of India can be considered as the most agriculture productive area :D
What is a sentence for production?
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What country is Malayalam Masala associated with?
Malayalam Masala is an Indian actress and thus associated strongly with this country. There are several videos on Youtube and pictures available of Malayalam Masala out there.
