using resources in best way and to their full capacity is known as economizing of resources
employee who have got employement based on their land given to the company
. Fossil fuels(such as coal, petroleum, and natural gas
national resources are the resources used by the nation.it can be also called public resources.
Renewable Resources
on the basis of ownership, resources are classified into the following categories:1) Individual Resources 2) Community Resources 3) National Resources 4) International Resources
That productive resources are scarce relative to economic wants.
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.
-limited resources to satisfy virtually unlimted wants
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.
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.
saving, economizing, providence, carefulness
saving, economizing, providence, carefulness
What we think we have in resources.
those resources are supports to maintain livelihood
a) What is meant by the term "sustainable natural resources"?
The noun forms for the verb to economize are economizer, economization, and the gerund, economizing.
Operating resources are the resources required for a business entity to carry on its day to day work.