When the market rewards you:
As a customer: with falling prices and increasing quality
As a producer: with an increase in revenue, and customer volume
Allocation of financial Resources . Procurement of found . Efficient and Effective utilization of financial resources
Financial resources are loans, mortgages etc. Which are provided on returning capacity.
The allocation of resources. :P
Allocation of financial ResourcesProcurement of foundEfficient and Effective utilization of financial resources
he uses the human resources in an efficient manner.
market failer
Imperfect Compitition
when total resources in an economy is not equally allocated among four factors of production i.e land, labor, capital and organization then allocation of resources in an economy considered to be inefficient.
Allocation of financial Resources . Procurement of found . Efficient and Effective utilization of financial resources
yes
economic resources-land, labor and capital-will be used for their most valuable purposes.
You can assess the strategic management, effective supervision and efficient allocation of resources and also manage and coordinate people and resources
because there is no restriction on the usage of resourses so they can use according to their need.
because there is no restriction on the usage of resourses so they can use according to their need.
ECONOMICS is the study of the allocation of SCARCE resources.
Economics determines the allocation of resources in society through the forces of supply and demand. When resources are scarce, individuals and businesses make choices about how to allocate them based on their needs and preferences. Prices play a key role in signaling the scarcity of resources and guiding decision-making. In a market economy, prices adjust based on supply and demand, leading to the efficient allocation of resources to where they are most valued.
Coal is set aside to burn as heating fuel.