Q2 If resources are in efficiently utilised. What will be their impact on the Indian economy. Show in efficient use of resources with the help of a diagram.
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Answer:
Economic efficiency is when all goods and factors of production in an economy are distributed or allocated to their most valuable uses and waste is eliminated or minimized.
Explanation:
It can result in a person/country spending more money,time,and effort than they would if they just used the resources that are readily available.
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