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How have Canada's physical resources contributed to its economic prosperity?
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Is an economic region a physical region?
Well, an economic region would be a region that has produced goods and services. A physical region is is a region that includes landforms such as mountain and etc. So, an economic region is not a physical region.
Multiplicity of wants and scarcity of means are two foundation stones of economics?
Economic problem in essence is the problem of scarcity of resources in comparison with human wants. In everyday life, we encounter many economic problems, poverty, unemployment, inflation etc, but if we start analyzing them, we will find that every problem has it's roots in the fundamental problem of scarcity of resources. Scarcity forces choices in consumption and production of goods. Scarcity creates conflicts. Scarcity means that not every body is getting everything he wants and there will be losers and winners. Scarcity arises because of two underlying conditions: Physical condition, that is, limited productive resources and a mental condition that is , unlimited wants. Physical limits do not alone-establish scarcity-in an economic sense. It is the human wants which make resources insufficient. Wants are unlimited, people want much more than just necessities. So the bitter fact is economic problem is permanent.
In an economic growth role of enterpreur is to?
Economists regard entreprenuership as one of the five fundamental resources, or the factors needed to produce goods and services, used in context of costs of production. The other four resources, or costs of production, include land, labor, physical capital, and human capital. A brief description of all five resources, and how they contribute to economic growth are cited below. Land - includes rent payments, real estate, and natural resources. Labor - wages and salaries. Physical Capital - machines, manufaturing, and equipment. Human Capital - incluces intellectual property, patents, training, and education. Entreprenuership - inviduals assuming the risk and rewards of production. Also included here are profits - because without the possibility of profits, production wouldn't even exists. What is the role of entreprenuership in economic growth? Vital.
What are two types of capital in economic?
Human and machinery.
What is the difference between an economic and physical trade Barrier?
A economic trade barrier has something to do with the price of goods for example a tariff, but on the other hand a physical trade barrier blocks something like an embargo or blockade.
An example of a physical or a economic attribute would be?
There are a few examples of economic attribute. One main example is water resources.
Why didn't an Industrial Revolution occur in the eastern mediteranean?
The physical geography limits the economic development because of the lack of natural resources.
What is a geos?
the study of past events, physical features, human activity its effects including the distribution of population, resources and political and economic activities
What are the four factors of economic growth?
The four factors of economic growth are natural resources, human capital (labor), physical capital (machinery, buildings), and technology. These factors work together to drive productivity, innovation, and overall economic expansion in a country.
What are physical resources?
physical resources are the resources that are made by man through his abilities and skill.the buildings,technology, and many more products that are made by man is an example of physical resources.this resource helps man's daily activities become easy.
What is a geo survey?
the study of past events, physical features, human activity its effects including the distribution of population, resources and political and economic activities
How do the physical environment and location resources determine and affect the economic activities of Southeast Asia?
people tend to live near water food and transportation
Why is human resource more important than physical resources?
because with out human resources there would be no physical resources
What is studied in the field of economic geography?
Economic geography studies the spatial patterns and distribution of economic activities, such as production, consumption, and trade. It examines how geography influences economic development, resource allocation, and regional disparities. This field also explores the relationships between economic systems and the physical environment.
What are the three classification of pfstt?
The three classifications of PFSTT are physical coercion, psychological coercion, and economic coercion. Physical coercion involves the use of force or violence to compel someone to engage in human trafficking. Psychological coercion involves manipulation, threats, or deception to control the victim. Economic coercion involves controlling a victim's financial resources or exploiting their economic vulnerability.
Why is human resources are more important than physical resources?
It is more important because without it, there would never be physical resources.
What physical and economic factors are required for the cultivation of rice?
physical and economic factor use in the cultivation of rice
