Explore BrainMass

Explore BrainMass

    Employment and efficiency

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Explain the relation between employment and efficiency.

    © BrainMass Inc. brainmass.com March 6, 2023, 1:09 pm ad1c9bdddf

    Solution Preview

    We can not satisfy all of our unlimited wants due to scarce resources. Thus, economy is a service of efficiency, also can be described as the best use of scarce resources.

    Full employment (using available resources) - By full employment, we mean the ...

    Solution Summary

    The solution does a superb job of explaining the relationship between employment and efficiency. The solution does not go into a lot of detail but at the same time explains the concepts very well. The solution is brief and concise and very good for students who just want to confirm their understanding of the concepts.