Question

if people tried to produce most of what they need on their own, then this would lead to a more efficient use of the economy's resources. group startstrue or false

Answer 1

False, if people attempted to produce much of what they need on their own, the economic growth resources would be used more efficiently.

What resources does Economics have?

Financial activities are the goods or services that are employed inside the production of goods that can then be used to fulfil customer wants.Economic resources are often referred to as the pool of wealth that is available in society, as well as the components of production or inputs into the production process.Economic resources are by definition anything that a company uses to create goods and services for its clients. There are four main economic resources, sometimes known as components of production: land, labor, capital, and entrepreneurial skill.

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