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An economy that is producing the maximum amount of goods and services is considered?
Wiki User
∙ 11y ago
efficient
Wiki User
∙ 11y ago
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How India can become world largest economy?
by producing maximum products in all industries
What is the maximum output that the economy can sustain over a period of time called?
productive capacity
What is the maximum price that can legally be charged for a good or service?
There is no maximum price for any good in the American economy some excised goods like cigarettes have minimum prices.
Why don't firm try to maximize their economies of scale and run their operation on the largest possible scale?
It costs money to invest in equipment to increase production up to the frontier where maximum economy of scale exists. But the market demand -- the buyers -- might not be rich and strong enough to take up this extra output, meaning you end up with unsold goods and a market surplus. In turn, a surplus and unsold stock means you must now lower your selling price to get rid of it -- and this changes the "maximum economy of scale" frontier back inward. You're now over-producing, not maximising! As you can see, the "maximum economy of scale" isn't a eternally-fixed, theoretical point -- it's really a flexible and practical point which depends largely on the market conditions at any set moment in time.
Why is decision making by any management truly economic in nature?
because the main activity of managers are managing economics resource such as human, time, money, talent etc. all thos resource are limitted or scarce in their nature. the main goal of manager is to maximum profit from their activities to maximize this profi assemblies of factor of production for the purpose of producing goods and services to make maximum profit requires. Economic concept that are concerned with the allocation of resources and choose of alternatives tha gives maximum profi to the organization they manage.
How India can become world largest economy?
by producing maximum products in all industries
What services are available from Freightliner Columbia?
Services from Freightliner Columbia provides maximum reliability, durability, and efficiency in the Freightliner Columbia trucks. The trucks reduce wind resistance and provides great fuel economy.
What are the major problems of economy?
the main problem of economy is that there is sufficent amt. of goods & services &every 1 wants to use it to satisfy their greed which is unlimited from it the problem is how to use it to get the maximum profit from it & still leave it to for coming generation.
Maximum wheat producing state in India is?
Uttar Pradesh
Which country is producing maximum number of doctors per year?
united kingdom
What is the maximum capacity in terms of people the A380 Airbus can carry?
maximum capacity is 853 in an all-economy class
Who will direct Maximum Ride?
The director of Maximum Ride is Catherine Hardwicke.. Avi Arad is producing it, produced the x-men and spidermen movies.
What was the basic goal of progressive liberalism?
The basic goal of progressive liberalism was to address social and economic inequalities by advocating for government intervention and reforms to improve the well-being of individuals and promote social justice. It aimed to protect the rights of workers, regulate big business, and expand social welfare programs to create a more equitable society.
Who won the maximum number of royal rumble?
number 27 producing a record of 4 winners
What is the maximum age limit to drive in the us?
There is no maximum. This would be considered age discrimination.
What is the maximum output that the economy can sustain over a period of time called?
productive capacity
The economy system that calls for a maximum of private ownership is?
Beautiful Capitalism!!!! The only way to go! It allows for the maximum return on your investment, work and talents.
