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When A situation in which the market does not distribute resources efficiently is considered to be?
a market failure
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A situation in which the market does not distribute resources efficiently is considered to be .?
a market failure
Is the study of economics necessary in a situation of abundant resources?
is the study of economics necessary in a situation of abundant
Is study of economics necessary in a situation of abundant resources?
is the study of Economics necessary in a situation of abundant
What does it mean by ''choice arises as a result of scarcity of resources''?
Choice is a situation where there are limited resources to satisfy numerous wants
What is the difference between poverty and misery?
Poverty is the situation when one doesn't have the resources to afford the basic requirements of life. While, in misery, one has the resources but doesn't spend it sufficiently for fear of losing money. It is a complex situation when money seems to be more important than quality.
A situation in which the market does not distribute resources efficiently is considered to be .?
a market failure
How can you use economics in a real life situation?
Economics is all about real life situations. All resources are limited and economics is simply about making decisions to use those resources efficiently.
Which situation is considered reinforcement?
Which situation is considered reinforcement
When resources are not permanently depleted or damaged an ecosystem is considered to be what?
When resources are not permanently depleted or damaged, an ecosystem is considered to be sustainable. Sustainability means that the ecosystem can support and maintain its balance without causing harm to itself or other ecosystems in the long term.
Is the study of economics necessary in a situation of abundant resources?
is the study of economics necessary in a situation of abundant
Is study of economics necessary in a situation of abundant resources?
is the study of Economics necessary in a situation of abundant
Which situation is considered reformat?
B
What does it mean by ''choice arises as a result of scarcity of resources''?
Choice is a situation where there are limited resources to satisfy numerous wants
How do you apply Fiscal management in classroom situation?
To apply fiscal management in a classroom situation you can provide scenarios which are relative to the students you are teaching. Students will be more likely to respond when they can relate.
How can I access free Dave Ramsey resources to help improve my financial situation?
You can access free Dave Ramsey resources by visiting his website and signing up for his newsletter. This will give you access to articles, tools, and other resources to help you improve your financial situation.
What is considered a cause of the other three?
Which situation is considered a cause of the other three
How can an entrepreneur ensure that they are operating efficiently?
An entrepreneur will never know if they are working at maximum efficiency other than by comparison to others in the same situation and based on past behavior in the same situation.
