Factors of production.
The economic term for what you lose when using resources for something else is known as opportunity cost.
Libya has a command economy. Also known as controlled or planned economy. This is where a government retains the power to decide how the nations economic resources should be allocated. It has complete control over how theses resources are used.
The economic term for what you lose when using resources for something else is known as opportunity cost.
sure, if they have a phone
there are two types of economic resources: a. Property resources b. human resources
The economic term for what you lose when using resources for something else is known as opportunity cost.
The economic term for what you lose when using resources for something else is known as opportunity cost.
Libya has a command economy. Also known as controlled or planned economy. This is where a government retains the power to decide how the nations economic resources should be allocated. It has complete control over how theses resources are used.
The economic term for what you lose when using resources for something else is known as opportunity cost.
sure, if they have a phone
there are two types of economic resources: a. Property resources b. human resources
Economic resources are resources that help the place.
Imperial states exert economic control over weaker states to exploit their Natural Resources.
The economic term for what you lose when using resources for something else is known as opportunity cost.
Imperial states exert economic control over weaker states to exploit their Natural Resources.
Because an economy needs energy in order to develop so if there is a lack of energy resources, there will also be a limit in economic development
It depends on the land and the resources also the population