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The economic development of Liberia is tired up with two key commodities namely
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Difference between technical efficiency and economic efficiency?
technical efficiency is related to change in output due to change in input and economic efficiency refers to a number of related concepts.
What is efficiency is it the only goal of economic policy makers?
Efficiency is when a market that is guided by the invisible hand is able to capture all of the possible consumer and producer surplus. When all surplus is realized it is then that we can say a market is efficient. However, efficiency is not the only goal of an economic policy maker. Policy makers are equally as concerned about equality. The benefits in the market from trade can be viewed as a pie. Efficiency determines the size of that pie while equality equates to how the pie is sliced.
In an economic sense a social scientist is concerned with what?
Ask of these
The accounting process is concerned with internal and external transactions representing economic events?
The accounting process is concerned with both: internal and external transactions representing economic events.
What is the meaning of socio economic?
The official definition of the word socio-economic is "relating to or concerned with the interaction of social and economic factors."
What are Three goals of the free enterprise system?
So-called free enterprise is concerned with making profits.
What are advocates of deregulation are primarily concerned with?
Efficiency
Difference between technical efficiency and economic efficiency?
technical efficiency is related to change in output due to change in input and economic efficiency refers to a number of related concepts.
What is efficiency is it the only goal of economic policy makers?
Efficiency is when a market that is guided by the invisible hand is able to capture all of the possible consumer and producer surplus. When all surplus is realized it is then that we can say a market is efficient. However, efficiency is not the only goal of an economic policy maker. Policy makers are equally as concerned about equality. The benefits in the market from trade can be viewed as a pie. Efficiency determines the size of that pie while equality equates to how the pie is sliced.
What is the economic life of a country?
Economic is the science which is concerned with how socities allocate scarce resources.
In an economic sense a social scientist is concerned with what?
Ask of these
The accounting process is concerned with internal and external transactions representing economic events?
The accounting process is concerned with both: internal and external transactions representing economic events.
What is the meaning of socio economic?
The official definition of the word socio-economic is "relating to or concerned with the interaction of social and economic factors."
Who challenged the assumption that ethical behavior comes at the expense of economic efficiency?
who challenged the assumption that ethical behavior comes at the expense of economic efficiency
Does an increase of economic surplus in a market always mean that economic efficiency has increased?
No. If marginal cost of production decreases but market output stays the same, economic surplus and deadweight loss both increase, causing economic efficiency to decrease.
What has the author J Piesse written?
J. Piesse has written: 'Efficiency issues in transitional economies' -- subject(s): Industrial efficiency, Economic conditions, Production (Economic theory)
Which economic issue has most concerned Peru in the early twenty- first century?
Corruption was the economic issue that most concerned Peru in the early twenty- first century. But steps were taken to overcome this.
