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Mama L [17]
3 years ago
9

When society gets the most it can from its scarce resources, then the outcome is called.

Business
1 answer:
Sergio039 [100]3 years ago
5 0

When society gets the most it can from its scarce resources, then the outcome is called : Efficiency

<h3>What is efficiency?</h3>

Efficiency means that society is getting the maximum benefits from its scarce resources.

When a resource becomes relatively scarce due to population growth, it often becomes more valuable. This increase in value may motivate powerful groups within society to take greater control of the resource, making it scarcer still.

However, efficiency ensures the scarce resources are judiciously utilized.

Examples of scarce resources includes :

  • Labor
  • Capital
  • Land
  • Entrepreneurship used by society to produce consumer satisfying goods and services.

Therefore, efficiency is when society gets the most it can from its scarce resources.

Learn more about efficiency here : brainly.com/question/25350730

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The deterioration of many municipal pipeline networks across the country is a gowing conoer technology proposed for pipeline reh
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3 years ago
Explain what is happening during each phase of the cycle with: I. output, II. employment III. and inflation
Ludmilka [50]

Answer:

During each phase of the economic cycle of Recession and Expansion, the following economic variables fluctuate, accordingly:

I. Output: During Recession, production output reduces.  But, during expansion, product output rises with rising income, employment, and even stable inflation.

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Explanation:

Business or Economic Cycle describes the recurrent, but not periodic, sequence of changes in the aggregate economic activities of a nation.  It usually cascades between the spectrum of expansion and recession.  This means that there is an alternation of the phases of economic cycle between expansion and contraction (recession) when the aggregate economic activities may rise or decline due to the equal movement of economic variables like the GDP output, employment, income, and sales.

5 0
4 years ago
Based on the connecting letter report, salaries of which college majors are significantly different?
Assoli18 [71]

Answer:

C. Language and Music.

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5 0
3 years ago
As of july 2013, the population of the united states was 3.164 × 108, and the national debt was 1.674 × 1013 dollars. how much w
svetlana [45]
Given:Population of the US: 3.164 x 10^8National Debt 1.674 x 10^13
What we are looking for: person’s share of the debt.
Solution:To solve this, just divide the national debt to the number of people of the us, (which is the population of the US)

1.674 x 10^13 divided by 3.164 x 10^8

Answer is: $52,907.71 is the share of each person.
6 0
3 years ago
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