0
What else can I help you with?
How is a corrective tax different then other taxes?
Corrective taxes bring the allocation of resources closer to the social optimum and thus improve economic efficiency.
Why did Leonid Vitaliyevich Kantorovich win The Prize in Economic Sciences in 1975?
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1975 was awarded jointly to Leonid Vitaliyevich Kantorovich and Tjalling C. Koopmans for their contributions to the theory of optimum allocation of resources
Why did Tjalling C. Koopmans win The Prize in Economic Sciences in 1975?
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1975 was awarded jointly to Leonid Vitaliyevich Kantorovich and Tjalling C. Koopmans for their contributions to the theory of optimum allocation of resources
Who has given optimum theory of population?
Dr.Cannan given optimum theory of population
Distinguish between optimum theory and malthusian theory?
malthusian theory-it is general theory of population.optimum theory- it is a scientific theory of population.malthusian theoryit is static in nature.optimum theoryit is dynamic in nature
How can optimum allocation can solve the problems of scarcity?
um, scarcity isn't the problem, scarcity is the term used to define the finite nature of resources and the limitless wants of humans.
What factors contribute to achieving the social optimum in economics?
Achieving the social optimum in economics involves factors such as efficient allocation of resources, minimizing market failures, promoting competition, ensuring property rights, and addressing externalities. By balancing these factors, an economy can maximize overall welfare and reach the social optimum.
What is the study of the allocation of resources?
ECONOMICS is the study of the allocation of SCARCE resources.
What are the differences and similarities between activity theory and disposable soma theory?
Activity theory focuses on the trade-off between growth, reproduction, and maintenance activities in an organism, suggesting that resources allocated to one activity limit resources available for others. Disposable soma theory proposes that organisms invest resources either in reproduction or maintenance, with aging resulting from a lack of investment in maintenance as resources are prioritized for reproduction. Both theories highlight the allocation of resources in organisms but differ in the specific trade-offs and mechanisms underlying resource allocation.
Which economic theory states that the basic problems of scarcity and allocation of limited resources are solved by production for use or need rather than production for profit?
For A+ : Socialism
Is economics all about money?
No, it is mainly about the allocation of scarce resources. There are many different branches of this such as finance, development and game theory, but they are all stemmed from the main economic problem of scarce resources.
Economics is about the allocation of resources for the production and distribution of goods?
Economics is about the allocation of resources for the production and distribution of goods and ___________.
