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What is a use of resources in a way that maximizes output of goods and services?
Wiki User
∙ 11y ago
efficiency
Wiki User
∙ 11y ago
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What is markets in which firms sell their output of goods and services?
The product market is the market in which firms sell their output of goods and services.
The market supply curve is?
The market supply curve shows the amount of goods/services produced at any given price. There is a direct relationship between output and price. That is, if the price of goods and services is high, then sellers will produce a large number of goods and services. Conversely, if the price of goods/services is low, then output will also be low.
What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
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 ___________.
Man-made goods used in the production of more goods and services are known as?
capital resources
What is use of resources in a way that maximizes output of goods and services?
efficiency
What is markets in which firms sell their output of goods and services?
The product market is the market in which firms sell their output of goods and services.
What is efficency?
It is the relative proportion or ratio of the Energy Input to a system to its output.
What are the output in industries and businesses?
Goods and services.
When an economy achieves the output of goods and services most desired by its citizens it is said to have?
When an economy achieves the output of goods and services most desired by its citizens, it is said tohave
Do you believe Grenada resources is utilizing to produce goods and services?
i think there goods and services are excellent!!
What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
Which social scientist primarely studies how people change resources into goods and services?
An economist primarily studies how people change resources into goods and services.
The market supply curve is?
The market supply curve shows the amount of goods/services produced at any given price. There is a direct relationship between output and price. That is, if the price of goods and services is high, then sellers will produce a large number of goods and services. Conversely, if the price of goods/services is low, then output will also be low.
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 ___________.
Man-made goods used in the production of more goods and services are known as?
capital resources
What are the three Principles of Operations?
The three Principles of Operations are: 1) Input - the resources or materials required to produce goods or services, 2) Processing - the transformation of inputs into outputs through production processes, and 3) Output - the final goods or services that result from the production process.
