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What else can I help you with?
What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
How are renewable resources used to produce energy?
nothing
What is most energy resources used to produce?
Electricity
Which of these is used to produce goods for people to buy?
resources...
How does scarcity affect the factors of production?
Scarcity is the non-abundance of resources. Resources are needed to produce. Thus, the more that is produced, the more resources are being used.
What is the definition of factors of production?
The resources used to produce goods and services.
The degree in which resources are being used to produce goods and services?
Productivity
What is the definition of factor of product?
The resources used to produce goods and services.
What does the study of economics focus on?
what scarce resources are used to produce goods and services.
What is anything used to produce a good or service that will satisfy wants and desires?
resources
What are capital resources?
Capital resources are goods produced and used to make other goods and services. They include tools, machines, and factories used to produce goods.
Can nonrenewable and renewable resources produce electricity?
Yes, both nonrenewable and renewable resources can be used to produce electricity. Nonrenewable resources such as coal, natural gas, and oil are traditionally used for electricity generation, while renewable resources such as solar, wind, hydro, and biomass can also generate electricity in a more sustainable manner.
