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Resources that are limited and in demand are scarce, and therefore have a cost.
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∙ 13y ago
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What is a structure for allocating scarce resources.?
An economic plan
What does scarce economic resources mean?
Scarcity is the basic economic problem that arises because people have unlimited wants but resources are limited.
The economizing problem of economics is..........?
That productive resources are scarce relative to economic wants.
Is economics all about money?
No, it is mainly about the allocation of scarce resources. There are many different branches of this such as finance, development and game theory, but they are all stemmed from the main economic problem of scarce resources.
Which social science is The study of the conservation of scarce resources while producing goods for people to consume?
economic
What is a structure for allocating scarce resources.?
An economic plan
Is a structure for allocating scarce resources?
An economic plan
What is the economic life of a country?
Economic is the science which is concerned with how socities allocate scarce resources.
What does scarce economic resources mean?
Scarcity is the basic economic problem that arises because people have unlimited wants but resources are limited.
The economizing problem of economics is..........?
That productive resources are scarce relative to economic wants.
Is economics all about money?
No, it is mainly about the allocation of scarce resources. There are many different branches of this such as finance, development and game theory, but they are all stemmed from the main economic problem of scarce resources.
Which social science is The study of the conservation of scarce resources while producing goods for people to consume?
economic
Which of these statements is correct in an economic way of thinking?
Something must be given up if we are to have more scarce resources.
The basic economic problem is that of allocating scarce resources among the competing and virtually limitless wants of?
Consumers In Society.
Which of these statements is corrected in an economic way of thinking?
Something must be given up if we are to have more scarce resources. (A+)
Why all goods and services are scarce?
All resources are scarce.
What are resources in terms of economics?
resources are scarce,.the concepts of scarcity arises from the scarce resources or simply resources for short.
