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Some of the answers are the following:
1. Lack of money, technology and human capital. - specifically talking about poverty. Productivity in this areas remains low and the standard of living is usually at the subsistence level.
2. Lack of literate and skilled labor - laborers are deprived of educational opportunities.
3. Overpopulation.
4. Greed and misappropriation.
What else can I help you with?
Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profits?
Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profit
Causes of inequitable allocation of resources?
Some of the answers are the following: 1. Lack of money, technology and human capital. - specifically talking about poverty. Productivity in this areas remains low and the standard of living is usually at the subsistence level. 2. Lack of literate and skilled labor - laborers are deprived of educational opportunities. 3. Overpopulation. 4. Greed and misappropriation.
What is the study of the allocation of resources?
ECONOMICS is the study of the allocation of SCARCE resources.
Where Problem relating to the allocation of factors of production and distribution of income exit?
Problems related to the allocation of factors of production and distribution of income often arise due to market inefficiencies, unequal access to resources, and varying degrees of bargaining power among different economic agents. These issues can lead to underutilization of resources, inequitable income distribution, and social unrest. Additionally, externalities and public goods can complicate the efficient allocation of resources, resulting in market failures. Addressing these challenges typically requires government intervention or regulatory frameworks to promote fairer distribution and optimal resource use.
Economics is about the allocation of resources for the production and distribution of goods?
Economics is about the allocation of resources for the production and distribution of goods and ___________.
Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profits?
Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profit
Causes of inequitable allocation of resources?
Some of the answers are the following: 1. Lack of money, technology and human capital. - specifically talking about poverty. Productivity in this areas remains low and the standard of living is usually at the subsistence level. 2. Lack of literate and skilled labor - laborers are deprived of educational opportunities. 3. Overpopulation. 4. Greed and misappropriation.
What is the study of the allocation of resources?
ECONOMICS is the study of the allocation of SCARCE resources.
Where Problem relating to the allocation of factors of production and distribution of income exit?
Problems related to the allocation of factors of production and distribution of income often arise due to market inefficiencies, unequal access to resources, and varying degrees of bargaining power among different economic agents. These issues can lead to underutilization of resources, inequitable income distribution, and social unrest. Additionally, externalities and public goods can complicate the efficient allocation of resources, resulting in market failures. Addressing these challenges typically requires government intervention or regulatory frameworks to promote fairer distribution and optimal resource use.
Economics is about the allocation of resources for the production and distribution of goods?
Economics is about the allocation of resources for the production and distribution of goods and ___________.
Difference between resource allocation and resource utilization?
Resource allocation refers to setting aside resources. Resource utilization refers to how resources are used.
How does market and government differ in allocation of resources?
the difference in market and government occurs in the allocation of resources and labor division which determines the prices
Why is human resources important to the development of industry?
How the opportunity cost can be applied to the production process for the allocation of resources. How the opportunity cost can be applied to the production process for the allocation of resources.
What is Hierarchical Location-Allocation modelling?
Hierarchical location-allocation modelling refers to the allocation or the distribution of resources according to the hierarchy. People on the upper level of the chain are usually allocated with most of the resources.
Economics is about the production of goods and services which requires the allocation of what?
Resources
What are the phases in allocation cycle?
The allocation cycle typically consists of four phases: planning, allocation, execution, and review. In the planning phase, resources are assessed and strategies are developed based on needs and priorities. The allocation phase involves distributing resources according to the established plan. Execution follows, where the allocated resources are utilized, and the final review phase assesses the effectiveness of the allocation and informs future cycles.
When is the allocation of resources in an economy considered to be inefficient?
when total resources in an economy is not equally allocated among four factors of production i.e land, labor, capital and organization then allocation of resources in an economy considered to be inefficient.
