Asked by
Denisse Cervantes
on Nov 05, 2024
Verified
Economic systems should only be judged on efficiency.
Economic Systems
The organized way in which a country allocates resources and apportions goods and services in the national community.
Efficiency
The ability to achieve a desired output with the minimum amount of input, or to maximize output from a given amount of inputs.
- Acquire knowledge about the fundamentals of market efficiency and equity.
Verified Answer
XM
Learning Objectives
- Acquire knowledge about the fundamentals of market efficiency and equity.