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The economizing problem of economics is..........?
That productive resources are scarce relative to economic wants.
What is meant by economizing resources?
The fators on which the economy depends are called the Factors of production.These factors are in fact the agents of production.They are used to assist the production of goods and services.The Factors used in the production process are called the IMPUTS and the resulting finished goods are called the OUTPUTS.The factors are divided into land,labour,capital and entrepreneurship.
What is meant by economizing?
What people usually seem to mean is to cut costs. Putting less into a product or service in hopes of getting more out of it. There is a limit though to economizing. You can cut or control people wages for so long before they look for work elsewhere. You can find less expensive inputs into the products you make but quality eventually suffers. Economizing is fine so long as you keep it in perspective or you'll find economize can cost a lot in the end.
What is noun of economize?
The noun forms for the verb to economize are economizer, economization, and the gerund, economizing.
What does efficiency mean in economics?
In economics, efficiency means the overall use of resources. The overall use of resources can help maximize the production of the goods. In turn, the potential to make more money is there.
What is meant by economizing of resources?
using resources in best way and to their full capacity is known as economizing of resources
The economizing problem is one of deciding how to make the best use of?
-limited resources to satisfy virtually unlimted wants
The economizing problem of economics is..........?
That productive resources are scarce relative to economic wants.
Why is there a need for economizing resources?
People need resources to fulfill there requirements and comforts .For eg -we can communicate with anyone living far from us by a mobile or by landline .So they both are resource as they are fulfilling our requirements.
What does unethical use of online resources mean?
what does unethical use of computer mean
What does the word economizing mean?
Using the minimum of time or resources necessary for effectiveness http://www.Google.com/search?hl=en&safe=off&rlz=1B3GGGL_enUS296US308&q=define%3A+economical&btnG=Search Seriously, wouldn't it be easier to use a dictionary for this?
What are synonyms of thrift?
saving, economizing, providence, carefulness
What is the synonym of thrift?
saving, economizing, providence, carefulness
What is meant by economizing resources?
The fators on which the economy depends are called the Factors of production.These factors are in fact the agents of production.They are used to assist the production of goods and services.The Factors used in the production process are called the IMPUTS and the resulting finished goods are called the OUTPUTS.The factors are divided into land,labour,capital and entrepreneurship.
What is meant by economizing?
What people usually seem to mean is to cut costs. Putting less into a product or service in hopes of getting more out of it. There is a limit though to economizing. You can cut or control people wages for so long before they look for work elsewhere. You can find less expensive inputs into the products you make but quality eventually suffers. Economizing is fine so long as you keep it in perspective or you'll find economize can cost a lot in the end.
What is noun of economize?
The noun forms for the verb to economize are economizer, economization, and the gerund, economizing.
What does it mean when economist says that an area specializes in producing certain products?
They use their resources to produce a limited range of goods.
