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What is the study of the allocation of resources?
ECONOMICS is the study of the allocation of SCARCE resources.
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 ___________.
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
Economics is about the production of goods and services which requires the allocation of what?
Resources
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.
What is the study of the allocation of resources?
ECONOMICS is the study of the allocation of SCARCE resources.
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
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.
Economics is about the production of goods and services which requires allocation of what?
Resources
Economics is about the production of good and services which requires the allocation of what?
Resources
What Economics is about the production of goods and services which requires the allocation of what?
Resources
What Economics is about the production of goods and services which require the allocation of what?
Resources
