Business, 09.09.2020 22:01 xxaurorabluexx

In order to satisfy as many wants as possible, it is necessary to achieve productive efficiency: (i) since otherwise resources are idle.
(ii) since it would be impossible to produce more of one thing without producing less of another.
(iii) since otherwise output may go to where it is less valued.

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In order to satisfy as many wants as possible, it is necessary to achieve productive efficiency: (i...