A firm operating in a market economy has a strong incentive to be productively efficient and allocatively efficient because the former enables it to minimize production costs while the latter ensures it of ample revenues .
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Productive efficiency means that a good or service is produced at the lowest possible cost. ... A firm operating in a market economy has a strong incentive to be productively efficient and allocatively efficient because the former enables it to minimize production costs while the latter ensures it of ample revenues
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The meaning of life, or the answer to the question: "What is the meaning of life?", pertains to the significance of living or existence in general. ... The search for life's meaning has produced much philosophical, scientific, theological, and metaphysical speculation throughout history.
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