Use of human and material resources

What are the merits of speciality in the use of human and material resources?

E

Expert

Verified

The merits of speciality for labours which have openings decide efforts to their perfect talents as well as keep the time to shift frequently from 1 task to another.  For a precise use material resources will be developed as well as modified.  On a regional basis, each province will produce those commodities for finest suited. Each region as well as set of person and to maximize efficiency material resources is being used by focusing in its advantage.

   Related Questions in Business Economics

  • Q : Explain the Market System Specialization

    Explain the Market System Specialization?

  • Q : Concepts of Economic system argues by

    For Economic system argues by Adam Smith relies heavily upon all the given concepts EXCEPT: (w) market expansion will be facilitated through capital accumulation. (x) prices will be driven to the lowest point at that production can ev

  • Q : Explaination on Economical Management

    ECONOMICS Explain why each of the following statements is True, False, or Uncertain according to economic principles. Use diagrams where appropriate. Unsupported answers will receive no marks. It is the ex

  • Q : Advantage and disadvantage of Sole

    Illustrate the advantage and disadvantage of Sole proprietorship?

  • Q : Larger amount is actually purchased at

    Critically evaluate:  “In comparing the two equilibrium positions, it note that a larger amount is actually purchased at a higher price. This disprove the law of demand.”

  • Q : Economic bailout of Spain and Greece

    Question: Conduct an analysis on the following topic and prepare an Executive Summary-style report with supporting exhibits (Insightful Graphs, tables etc. from quality expert analyst references used to write the r

  • Q : Illustrate how Macroeconomics examines

    Illustrate how Macroeconomics examines the economy as a whole?

  • Q : Resources of private Capitalism I have

    I have a problem in economics on Resources of private Capitalism. Please help me in the following question. The Private individuals own most resources and find out how they will be employed in an economic system of: (1) Socialism. (2) Capitalism. (3)

  • Q : Define Benefit Cost Ratio or

    Briefly describe the term Benefit Cost Ratio (or B/C Ratio) or Profitability Index (or PI)?

  • Q : Describe Net income approach Briefly

    Briefly describe Net income approach? Named who recommended this theory?

©TutorsGlobe All rights reserved 2022-2023.