Answers

2016-01-15T16:37:59+08:00
Broad terms that implies an economic state
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2016-01-20T22:17:28+08:00


ECONOMIC EFFICIENCY ---> it refers to the process wherein resources are maximized to generate more productive value than they use.

A great example of this is when a country is considered to be economically efficient if it uses its resources to provide products and services for its citizens that exceed the value of the resources themselves.

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