A resource with desired quantity less than its demand.
what is meant by economic activity
Yes because it will talk about all the economic problems, solutions, you name it!
capitalism
there are two types of economic resources: a. Property resources b. human resources
Economic resources are resources that help the place.
To evaluate the Philippines economic resources you have to look at the plants that are working. The amount of money that each resource is generating is another factor that can be used for the evaluation.
what is meant by economic activity
Yes because it will talk about all the economic problems, solutions, you name it!
labor
capitalism
there are two types of economic resources: a. Property resources b. human resources
Economic resources are resources that help the place.
appropriate use of resources
Europeans sought economic gain from natural resources in Africa and consumer markets in Asia.
An economic theory is a theory that has to do with the production, distribution and consumption of goods and services.
Another name for deadweight loss is allocative inefficiency. Deadweight loss occurs when the quantity of goods or services produced and consumed is not at the optimal level, leading to a loss of economic efficiency. This loss is caused by market distortions such as taxes, subsidies, or price controls, which result in a misallocation of resources and reduced overall welfare in the economy.
Capitalist Mixed Economy