Examlex
A coefficient alpha over .9 may indicate that
Economic Principle
Fundamental concepts that underpin the study and practice of economics, such as supply and demand or the cost-benefit analysis.
Productive Capacity
The maximum output a firm or economy can produce with its current level of resources and technology.
Efficient
The optimal use of resources to achieve the best possible outcome or output with minimal waste or effort.
Reallocating Resources
The process of distributing resources, such as capital and labor, in a different manner to increase efficiency or achieve a specific objective.
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