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What else can I help you with?
What is an efficient economy is one that?
uses its resources to make the most goods and services.
Is an economy is efficient when it has achieved full production?
The economy is efficient only when it has achieved full employment and full production
What is an efficient economy?
An efficient economy is one where resources are allocated in a way that maximizes productivity and minimizes waste. In such an economy, goods and services are produced at the lowest possible cost while meeting consumer demand effectively. Efficiency can be achieved through optimal use of labor, capital, and technology, ensuring that inputs are transformed into outputs with minimal loss. Ultimately, an efficient economy promotes sustainable growth and improves overall welfare.
What is the significance of interest rate on an economy?
to make the economy more effective and efficient
What does specialization do for the economy?
it makes it more efficient
What is an efficient economy is one that?
uses its resources to make the most goods and services.
Is an economy is efficient when it has achieved full production?
The economy is efficient only when it has achieved full employment and full production
What is an efficient economy?
An efficient economy is one where resources are allocated in a way that maximizes productivity and minimizes waste. In such an economy, goods and services are produced at the lowest possible cost while meeting consumer demand effectively. Efficiency can be achieved through optimal use of labor, capital, and technology, ensuring that inputs are transformed into outputs with minimal loss. Ultimately, an efficient economy promotes sustainable growth and improves overall welfare.
What is the significance of interest rate on an economy?
to make the economy more effective and efficient
What does specialization do for the economy?
it makes it more efficient
How does a production possibilities curve illustrate how efficient an economy is?
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.
Why do centrally planned economies tend not to be efficient?
What are two reasons why a centrally planned economy tend to be less efficient than a market base economy
What effect does new technology usually have on an economy?
It makes the economy stronger and more efficient.
What are surplus goods?
Surplus goods refers to the profit made in an economy, these goods could be any number of things eg money, resources .... Surplus goods are the result of an efficient economy usually one that is a free market economy
What usually makes an economy stronger and more efficient?
technology
What is the definition of an efficient economy?
to use the system in a wise manner
Where can I find information and advice on energy efficient heating?
There are independent websites that can give you advice on energy efficient heating. One such site is the American Council for an Energy-Efficient Economy or aceee dot org. You can also find independent advice at energystar dot gov.
