to use the system in a wise manner
The official definition of the word inefficient is "not efficient; unable to effect or achieve the desired result with reasonable economy of means."
definition of underdevlop economy
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
The official definition of the word inefficient is "not efficient; unable to effect or achieve the desired result with reasonable economy of means."
definition of underdevlop economy
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.
Boom
idgaf
technology
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.