Being self-sufficient in the production of everything we need is efficient.

Name: Being self-sufficient in the production of everything we need is efficient.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

While being self-sufficient may seem efficient in theory, it is not always practical or realistic. It can be more efficient to rely on trade and specialization of labor to produce goods and services. This allows for the production of higher quality goods at a lower cost, and enables individuals and businesses to focus on their areas of expertise.

Being Self-Sufficient in the Production of Everything We Need Is