answersLogoWhite

0


Best Answer

When the market rewards you:

As a customer: with falling prices and increasing quality

As a producer: with an increase in revenue, and customer volume

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is considered in efficient allocation of resources?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

When the market does not result in an efficient allocation of scarce resources economists call this?

market failer


What is an exception to the general idea that markets lead to an efficient allocation of resources?

Imperfect Compitition


Concept and function of business finance?

Allocation of financial Resources . Procurement of found . Efficient and Effective utilization of financial resources


When is the allocation of resources in an economy considered to be inefficient?

when total resources in an economy is not equally allocated among four factors of production i.e land, labor, capital and organization then allocation of resources in an economy considered to be inefficient.


What does efficient resource allocation mean?

economic resources-land, labor and capital-will be used for their most valuable purposes.


Is it important to develop model of economy that can help us define and decide what is meant by efficient allocation of resources?

yes


How do you become a reliable project manager?

You can assess the strategic management, effective supervision and efficient allocation of resources and also manage and coordinate people and resources


How does the free market ensure efficient allocation of resources?

because there is no restriction on the usage of resourses so they can use according to their need.


How does the free market ensurEs an efficient allocation of resources?

because there is no restriction on the usage of resourses so they can use according to their need.


What is the study of the allocation of resources?

ECONOMICS is the study of the allocation of SCARCE resources.


What is an example of an allocation decision?

Coal is set aside to burn as heating fuel.


Is money considered as physical resources?

No, money is not considered a physical resource in the same way that natural resources like water or minerals are. Money represents a medium of exchange that facilitates transactions and the allocation of physical resources. It does not have intrinsic value like physical resources do.