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Economies are most efficient when there is competition.
The most efficient combination would be one which uses the smallest total quantity of all resources
uses its resources to make the most goods and services.
uses its resources to make the most goods and services.
all economies today are actually (mixed)
Economies are most efficient when there is competition.
the most efficient use of resources in producing what people want
The most efficient combination would be one which uses the smallest total quantity of all resources
There are not two economies important in most of Australia, as Australia is a vast country with different resources. Agriculture is important through much of Australia, but of course, not the urbanised areas.Three of the most important economies in Australia are:MiningAgricultureTourism
uses its resources to make the most goods and services.
uses its resources to make the most goods and services.
RIPv2
all economies today are actually (mixed)
mixed economies
economic resources-land, labor and capital-will be used for their most valuable purposes.
poverty is always higest in countries with market economies
poverty is always higest in countries with market economies