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Scilla [17]
3 years ago
10

Specialization of labor

Business
1 answer:
mestny [16]3 years ago
3 0

Answer:

Economic efficiency implies an economic state in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency. When an economy is economically efficient, any changes made to assist one entity would harm another

Explanation:

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<h3>What factors affect the market?</h3>

Supply and demand in an economy are regulated by government action as well as other causes such as social, demographic, cultural, economic, technical, political, and legal pressures. The supply of a product may be affected by the weather.

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1 year ago
How are you involved in the game of economics?
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We are involved in the game of economics when we spend or receive money..

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