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History and experience have shown that economies become most efficient at converting resources into desired products when there is?
Wiki User
∙ 9y ago
Economies are most efficient when there is competition.
Wiki User
∙ 9y ago
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What is representation of alternative ways to use an economies resources?
production possibilities graph
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
Tanzania and Sierra Leone have very different economies because they have very different?
resources
Encourages businesses to be efficient in their use of resources?
Competition
What encourages businesses to be efficient in their use of resources?
competiton
All large modern economies have become mostly market economies because market economies provide?
the most efficient use of resources in producing what people want
How did the colonizers benefits from the colonies they controlled?
The colonizers used the resources of their colonies to grow their own economies.
Why do Sierra Leone and Tanzania have different economies?
resources
What natural resources has played the largest role in the economies of the Persian gulf countries?
Oil is the natural resource that played the largest role in the economies
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?"
What is representation of alternative ways to use an economies resources?
production possibilities graph
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
What did the persain gulf countries use to build prosperous economies?
They used oil resources.
Tanzania and Sierra Leone have very different economies because they have very different?
resources
Which of these encoirages businesses to be efficient in their use of resources?
Competition
What encourages businesses to be efficient in the use of their resources?
competiton
