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The ability to produce a specific product more efficiently than any other nation?
Wiki User
∙ 13y ago
absolute advantage
Wiki User
∙ 13y ago
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What is the ability to produce a product the most efficiently given all the other products that could be Produced?
Comparative Advantage
Why is ppc convex to origin?
because all factors of production cannot be equally efficiently be used to produce one product than the other...
What refers to a country's ability to produce more of a given product than another country can?
absolute advantage
What is an absolute advantage?
The principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce more of a good product or service than competitors, using the same amount of resources.
The amount that firms will produce and sell the specific price?
The amount of product a firm is going to produce depends on the quantity demanded by the people. In economics it is called the supply.
What is the term used to describe the ability to produce a specific product more efficiently than any other nation?
Absolute Advantage
What is the ability to produce a product the most efficiently given all the other products that could be Produced?
Comparative Advantage
What is The ability to produce more cheaply?
The ability to produce a product or service at a better cost is called increase productivity. The United States of America leads the world in productivity.
Why is ppc convex to origin?
because all factors of production cannot be equally efficiently be used to produce one product than the other...
Which of the following steps do customers generally following when buying a product?
In the PEST analysis, what factors help a business produce its products more effectively and efficiently
What refers to a country's ability to produce more of a given product than another country can?
absolute advantage
What is an absolute advantage?
The principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce more of a good product or service than competitors, using the same amount of resources.
The amount that firms will produce and sell the specific price?
The amount of product a firm is going to produce depends on the quantity demanded by the people. In economics it is called the supply.
What is the point of business time management?
Business time management strives to produce a better product more efficiently in less time through effective time management, from bosses to the lowest workers.
What is the difference between product and produce?
produce is used in agriculture product is used in manufacturing
The specific gravity of a product?
The specific gravity of a product can be found on the material
What is the root word of reproduce?
produce or product
