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You use scale of preference to know your most wanted things to your least wanted things and to get your piorities right and to achieve your un satisfied wants with your limited resorces.
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What is scale of preference in economics?
Scale of preference is the list of unsatisfied wants arrange in order of thier relative importance.
What are the basic concepts of economics?
Economics involves the interactions in society involving finances. Namely, economists study how the monetary value of items changes over time based on outer effects like the supply of resources and the demand of consumers.
How does nnpc achieve internal economics of scale?
How does nnpc achieve internal economics of scale
What is choice in economics?
choice is giving preference to your needs.
What is the importance of scale of preference to firms?
the importance of scale of preference to firms is right choices of goods to produce an efficient utilization of resources
What is scale of preference in economics?
Scale of preference is the list of unsatisfied wants arrange in order of thier relative importance.
What are the basic concepts of economics?
Economics involves the interactions in society involving finances. Namely, economists study how the monetary value of items changes over time based on outer effects like the supply of resources and the demand of consumers.
How does nnpc achieve internal economics of scale?
How does nnpc achieve internal economics of scale
How does scale of preference help consumer and producers to make use of efficient resources?
it is a scince
What is choice in economics?
choice is giving preference to your needs.
What is the importance of scale of preference to firms?
the importance of scale of preference to firms is right choices of goods to produce an efficient utilization of resources
What is the importance of scale of prefence to government?
What is the important of scale of preference to government
19 importance of scale of preference?
D
What is the advantage of scale of preference in economic?
it is a scince
What are the 2 major divisions of economics?
The two major divisions of economics are microeconomics and macroeconomics. Microeconomics refers to economics on an individual scale, such as a home or business. Macroeconomics refers to economics on a much larger scale, such as a region, nation, or even the entire world, depending on which you want to study.
What are the importants of scale of preference in economics?
1. it helps individuals or groups to meet their maximum satisfaction using their limited resources. 2. it also helps individuals to make the right choices when it comes to allocating their scarce resources. 3. it promotes the efficient use of the scarce resources. 4.the priorities of the individual or firms are properly set through scale of preference.
What is meant by 'economics of scale'?
'Economies of scale' means a proportionate amount of savings accruing from increased productivity.
