The economy is efficient only when it has achieved full employment and full production
to make the economy more effective and efficient
it makes it more efficient
What are two reasons why a centrally planned economy tend to be less efficient than a market base economy
A production possibilities curve illustrates how efficient an economy is by indicating the possibly opportunities in the economy. This will also illustrate the relevant costs entailed in the production.
The economy is efficient only when it has achieved full employment and full production
to make the economy more effective and efficient
it makes it more efficient
What are two reasons why a centrally planned economy tend to be less efficient than a market base economy
A production possibilities curve illustrates how efficient an economy is by indicating the possibly opportunities in the economy. This will also illustrate the relevant costs entailed in the production.
It makes the economy stronger and more efficient.
to use the system in a wise manner
technology
efficient
American Council for an Energy-Efficient Economy
both full employment and full production
An economy working below its most efficient production levels points inside the production possibilities frontier. This is in the context of a production possibilities curve.