<span>Economic planning is a resource allocation mechanism that is contrasted with the market mechanism. As a coordinating mechanism for socialist economics, economic planning substitutes factor markets and is defined as a direct allocation of resources. This is contrasted with the indirect allocation mechanism of a market economy. There are various types that economic planning procedures and forms planning can take.</span>
Answer:
You can consult Jschlatt about this topic, but until then I think I'll do.
Explanation:
In general, they don't care. That's why it's a sweatshop and not a normal business. The employers are typically in it for the money, which is why the conditions are so unideal (understatement). Someone who valued human life wouldn't force underpaid, malnourished children (or adults for that matter) to work in such horrible circumstances.
Answer: Efficient
Explanation:
According to the given question, the resources are allocated for increase the production of the products and the resources are said to be efficient. The allocation of the resources are distributed in the form of input and output by changing the economy.
According to the given scenario, when the production of the one product are get increased by decreasing the another production of the goods and the services then, the resources are known as the efficient.
Therefore, Efficient is the correct answer.
