Economic system that allocate resources efficiently

Assignment Help Business Management
Reference no: EM131682123

Why is it important to have a economic system that allocate resources efficiently? What will happen if the resources are not allocated efficiently? Give an example showing one or two problems that may arise in an economy when resources are allocated inefficiently.

Reference no: EM131682123

Questions Cloud

Briefly describe the stop online piracy act : The Stop Online Piracy Act (SOPA) was introduced in the U.S. House of Representatives in 2011, along with a companion bill in the U.S. Senate.
Government purchases affect the private sector : According to your readings, and from what you have learned in Module 5, how could war stimulate the economy?
Discuss what is the responsibility of governments : what is the responsibility of governments, resorts, and individuals to ensure the safety of their visitors
Do we have any monopolies in the united states : Do we have any monopolies in the United States? If yes, what could be reasons for allowing monopolies to exist?
Economic system that allocate resources efficiently : Why is it important to have a economic system that allocate resources efficiently? What will happen if the resources are not allocated efficiently?
Write report to manager suggesting more teleworking options : If you write a report to your manager at work suggesting that more teleworking options be given to employees at your workplace
Discuss ethnic and religious tensions in recent years : What particular features of Karachi, Pakistan's largest city, have led to such intensive ethnic and religious tensions in recent years
Rebecca is a profit maximizer : Rebecca substitutes her income as a teaching assistant by editing term papers for undergraduates.
Manufacturing flaming fast brand mobile phones : Flaming Phones Phone and Build has been manufacturing Flaming Fast brand mobile phones in Johannesburg, South Africa.

Reviews

Write a Review

Business Management Questions & Answers

  Develop a media plan that includes the media vehicles

Develop a media plan that includes the media vehicles that will be used to achieve your objectives and each creative strategy; justify the use of the specific media based on how it communicates with your selected target audience

  Aggregate demand and aggregate supply

Utilizing the Aggregate Demand (AD) and Aggregate Supply (AS) model, what information do we learn that helps better understand the economy?

  Business and economic implications of differences

1. Discuss culture, values, ethics, and other such elements that lead to differences in social culture.

  Half of the average of the numbers

A total of 10 players are each choosing a number from (0,1,2,3,4,5,6,7,8). If a player's number equals exactly half of the average of the numbers submitted by the other nine players, then she is paid $100; otherwise, she is paid 0. Solve for the s..

  Small jewellery store that sells new and antique jewellery

What would you do? If you were the buyer of the ring as well as had given it to your finance as a gift as well as then were informed of the circumstances what would you do

  Retirement plan for employeeswhat is the general retirement

retirement plan for employeeswhat is the general retirement plan for employment? do you think this is an advantageous

  Improvement in organizational performance

A manager applied leadership theory to the way that he directed the organization, and found some improvement in organizational performance. The manager noticed how some individuals seemed to flourish and perform better than others, and began to ev..

  Total expenses listed on an income statement

What will happen to the total expenses listed on an income statement when a company is operating at a loss?

  Critical to business sustainment and growth

1. For measuring marketing mix evaluation, what three things (metrics) are most critical to business sustainment and growth? Explain and cite examples. How can Philanthropy fit in?

  Project management and mastering virtual teams

Find the cultural differences between your own culture (USA) and the foreign culture (China) and explain how would these cultural differences affect the team culture in a virtual project

  Analyze the organization benefits program

Write a 1500 word paper based on research from outside resources in which you analyze the organization's benefits program and describe the advantages and disadvantages of such

  Comprehension of the issue based on facts

Paper must demonstrate a comprehension of the issue based on facts, not opinion. Facts may be from the course or other stated references. Opinions must be corroborated by references.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd