0
Considering the costs and benefits of various alternatives and choosing the one with the greatest net benefits.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
The economizing problem of economics is..........?
That productive resources are scarce relative to economic wants.
What is noun of economize?
The noun forms for the verb to economize are economizer, economization, and the gerund, economizing.
What is meant by economizing?
What people usually seem to mean is to cut costs. Putting less into a product or service in hopes of getting more out of it. There is a limit though to economizing. You can cut or control people wages for so long before they look for work elsewhere. You can find less expensive inputs into the products you make but quality eventually suffers. Economizing is fine so long as you keep it in perspective or you'll find economize can cost a lot in the end.
What is meant by economizing resources?
The fators on which the economy depends are called the Factors of production.These factors are in fact the agents of production.They are used to assist the production of goods and services.The Factors used in the production process are called the IMPUTS and the resulting finished goods are called the OUTPUTS.The factors are divided into land,labour,capital and entrepreneurship.
What are the definiton of economics according to walstad and bingham?
A social science concern with using scarce resources to obtain the maximum satisfaction of the ulimited material wants of the society.
What is meant by economizing of resources?
using resources in best way and to their full capacity is known as economizing of resources
What are synonyms of thrift?
saving, economizing, providence, carefulness
What is the synonym of thrift?
saving, economizing, providence, carefulness
What is the definiton of operational definiton?
Operational is something that is in use. Operational also mean ready for use.
The economizing problem of economics is..........?
That productive resources are scarce relative to economic wants.
What is noun of economize?
The noun forms for the verb to economize are economizer, economization, and the gerund, economizing.
What is the affix for economize?
The noun forms of the verb to economize are economizerand the gerund, economizing.
What is the definiton of Theme?
moral
What is the definiton of soluble?
dissolvable
What is the definiton of gravity?
mass
What is meant by economizing?
What people usually seem to mean is to cut costs. Putting less into a product or service in hopes of getting more out of it. There is a limit though to economizing. You can cut or control people wages for so long before they look for work elsewhere. You can find less expensive inputs into the products you make but quality eventually suffers. Economizing is fine so long as you keep it in perspective or you'll find economize can cost a lot in the end.
What is definiton?
A definiton is a brief precise statement of what a word or expression means, e.g. in a dictionary sometheing to explain !
