Answer:
Productive or technical inefficiency.
Explanation:
Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.
Basically, there are four (4) main factors of production and these are;
I. Land.
II. Labor (working).
III. Capital resources.
IV. Entrepreneurship.
Furthermore, when these aforementioned factors of production are combined effectively and efficiently, they can be used for the manufacturing or production of goods and services to meet the unending requirements or needs of the consumers.
In Economics, there are two types of inefficiency associated with the production of goods and services, these includes;
1. Allocative inefficiency: it occurs when businesses do not maximise output from the given inputs.
2. Productive (technical) inefficiency: it occurs when businesses produce goods and services that the consumers do not want. This is typically as a result of the incorrect and inefficient allocation of scarce resources by a business firm or entity.
Hence, a term for when businesses produce goods and services that consumer do not want is productive (technical) inefficiency.
Answer:
The power of the President to refuse to approve a bill or joint resolution and thus prevent its enactment into law is the veto.This veto can be overridden only by a two-thirds vote in both the Senate and the House. If this occurs, the bill becomes law over the President's objections.
Explanation:
Answer:
A good lawyer might get Belva off with a manslaughter charge. What she did was pre-meditated but she didn't intend to kill Fast Eddie. Just his car. Like most bad plans, she hadn't considered the possibility of unintended consequences. A good prosecutor could probably put her away for a long time. She definitely pursued Fast Eddie with intentions of doing harm. Killing him might not have been the plan, but that's what the plan ultimately resulted in.
Explanation:
Answer:
In 1680, the Quakers advocated that incarceration was a more humane punishment than corporal punishment.
Explanation:
