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Explain the relationship between productive efficiency and allocative efficiency. 124) D

Explain the relationship between productive efficiency and allocative efficiency. 124) D

 Explain the relationship between productive efficiency and allocative efficiency.

124) Does the production of capital goods imply less current consumption?  If it does, when is the reduction in consumption worthwhile?  Explain.

 

125) Discuss the problems of developing nations in terms of capital investment versus consumption goods.  Specifically, what could be done for poorer nations to get out of poverty?

Abhinav 07-Dec-2019

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