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The meaning of infficent?
The official definition of the word inefficient is "not efficient; unable to effect or achieve the desired result with reasonable economy of means."
What is the definition of underdeveloped economy?
definition of underdevlop economy
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 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
The meaning of infficent?
The official definition of the word inefficient is "not efficient; unable to effect or achieve the desired result with reasonable economy of means."
What is the definition of underdeveloped economy?
definition of underdevlop economy
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 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
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
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.
What effect does new technology usually have on an economy?
It makes the economy stronger and more efficient.
What is the definition of a high throughput economy?
Boom
What is the definition of one resource economy?
idgaf
What usually makes an economy stronger and more efficient?
technology
What is the concept and definition of political economy?
One definition of political economy consists of the study of the management, direction, organization, and manipulation of a nation's economy. The political philosophy of a nation, in this case, is geared economical control.
