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People need resources to fulfill there requirements and comforts .For eg -we can communicate with anyone living far from us by a mobile or by landline .So they both are resource as they are fulfilling our requirements.
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∙ 13y ago
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What is meant by economizing of resources?
using resources in best way and to their full capacity is known as economizing of resources
The economizing problem of economics is..........?
That productive resources are scarce relative to economic wants.
The economizing problem is one of deciding how to make the best use of?
-limited resources to satisfy virtually unlimted wants
What are synonyms of thrift?
saving, economizing, providence, carefulness
What is the synonym of thrift?
saving, economizing, providence, carefulness
What is meant by economizing resources?
The fators on which the economy depends are called the Factors of production.These factors are in fact the agents of production.They are used to assist the production of goods and services.The Factors used in the production process are called the IMPUTS and the resulting finished goods are called the OUTPUTS.The factors are divided into land,labour,capital and entrepreneurship.
What is noun of economize?
The noun forms for the verb to economize are economizer, economization, and the gerund, economizing.
What is the affix for economize?
The noun forms of the verb to economize are economizerand the gerund, economizing.
What is meant by economizing?
What people usually seem to mean is to cut costs. Putting less into a product or service in hopes of getting more out of it. There is a limit though to economizing. You can cut or control people wages for so long before they look for work elsewhere. You can find less expensive inputs into the products you make but quality eventually suffers. Economizing is fine so long as you keep it in perspective or you'll find economize can cost a lot in the end.
What is the definiton of economizing behavior?
Considering the costs and benefits of various alternatives and choosing the one with the greatest net benefits.
Why there is need for economising of resources?
Economising of resources means optimum uses of resources or efficient management of resources. so in order to get maximum output there is a need for economising of resources.
Why do you need resources?
To make our lives easier. And we need some resources for energy
