If People Tried to Produce Most of What They Need

question 113

True/False

If people tried to produce most of what they need on their own, then this would lead to a more efficient
use of the economy's resources.

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Definitions:

Market Research

The activity of gathering information about consumers' needs and preferences to identify market trends and potential areas of opportunity for businesses.

Small Businesses

Enterprises characterized by a small number of employees, limited revenue, and usually independently owned and operated.

Primary Means

Refers to the main or most important methods or resources available for a specific purpose.

Diversity

The inclusion and representation of different types of people and viewpoints in a group or organization, encompassing aspects like race, gender, age, religion, and more.