What does it mean for an economy to fully employ its resources?

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asked Jul 23, 2017 174k views

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Jainender Chauhan · Answer 1 · 2017-07-29T20:37:13+0000

Iit means that the economy managed to 100 % used all of it's resources, which mean that :

- there will be no unemployment
- There would be no economic efficiency,
- and there is always a constant steady flow of capital

hope this helps

What does it mean for an economy to fully employ its resources?

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