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max2010maxim [7]
3 years ago
15

When goods are produced at the lowest possible cost, an economy is said to have achieved:?

Business
1 answer:
kondor19780726 [428]3 years ago
4 0
When goods are produced at the lowest possible cost an economy is said to have achieved?
Answer: production efficiency
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Competitors and supply chain is an element of economic forces.

<h3>What are economic forces?</h3>

Economic forces are those factors that assist a firm in terms of its competitiveness in the environment it operates.

Here, economic forces have a direct impact on business and are essential factors that can help an organization in accomplishing its targets.

Learn more about economic forces here: brainly.com/question/13721949

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The term monopoly refer most specifically to
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<span>the exclusive possession or control of the supply or trade in a commodity or service.</span>
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Economists consider governments to be "wasteful:" - whenever they over- or underallocate resources to a project. - only when the
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Explanation:

A government is considered to be wasteful by the economists if it over-allocates or under-allocates resources on a project. Whenever resources are not efficiently or optimally allocated it is considered wasteful.

In case resources are over-allocated, the reason is given that the excess resources could have been used somewhere else.

In case resources are under-allocated, the reason is given that the given resources will not be able to provide the desired output.

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Which of the following is the main incentive for a manufacturer to sell a product?
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The options to the question are:

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From the question, we are informed that Tim Cook is described as delegating responsibilities to others, empowering them, and sharing the limelight with his leadership team. The aspect of transformational leadership that this suggest is respect for employees.

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