Economic sense production methods

Question

Evaluate and explain the statements: “In the economic sense production methods are the most efficient methods, once resource prices are considered and are lesser in sense of engineering”.

Answer 1

In terms of the scarce resources there is some valuable engineering technology which might be too costly that they would occupy. Education can be provided more efficiently by using more labor-intensive methods, i.e., with the teacher at the chalkboard and the student using pencil and paper.  In another example, using a shovel to scoop snow may be inferior to a snow blower in the engineering sense, but it may be a more efficient use of resources for the middle- or low-income family who has to decide between buying groceries and using better technology to clean its driveway and sidewalk.