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Could other resources besides labor be unused?
No. The capital sometimes is scarce.
How is labor scarce?
Labor is scare is a situation where an economy lacks people with the proper qualifications to fill in the market place. This is one of the main scarcity problems in the economy.
Using examples of land labor and capital explain why economists believe that all goods and services are scarce?
Economists believe that all goods and services are scarce because all the resources used to create them are scarce. It's like a cycle. Land is all the natural resources that create all the goods and services, if this is scarce then there would be no coal or oil to fuel machines that help keep the natural resources going (capital). If there are no machines to work with then the job becomes hard for workers to do, meaning very few people would do such a job (labor). It's all a cycle of limited resources.
Does the richest person in the world face the problem of scarcity?
Yes, but the person can afford to purchase goods even though they are scarce.
The effort that a person devotes to a task for which the person is paid?
labor
Could other resources besides labor be unused?
No. The capital sometimes is scarce.
In contrast to labor which factor is a scarce factor of productin?
Land is, by nature, finite. However, I believe that entrepreneurship is probably the most scarce of the four factors.
How can you tell the food you eat from the refrigerator is scarce?
I can tell whether the food from my refrigerator is scarce depending on how available the product is to me by ascertaining whether it's consistently in stock at stores.
How is labor scarce?
Labor is scare is a situation where an economy lacks people with the proper qualifications to fill in the market place. This is one of the main scarcity problems in the economy.
Sign dog is in labor?
sign to tell if your dogs in labor
What resources are scarce in Germany?
Some resources that are considered scarce in Germany include arable land, natural gas, and certain minerals. Additionally, skilled labor in specific industries, such as technology and engineering, can also be limited.
Using examples of land labor and capital explain why economists believe that all goods and services are scarce?
Economists believe that all goods and services are scarce because all the resources used to create them are scarce. It's like a cycle. Land is all the natural resources that create all the goods and services, if this is scarce then there would be no coal or oil to fuel machines that help keep the natural resources going (capital). If there are no machines to work with then the job becomes hard for workers to do, meaning very few people would do such a job (labor). It's all a cycle of limited resources.
Does the richest person in the world face the problem of scarcity?
Yes, but the person can afford to purchase goods even though they are scarce.
What is a labor agent?
A labor agent might be a person who makes sure that a company has enough labor to complete the job at hand. A labor agent might also be a person who deals with a particular union for an industry.
How many children are in labor?
It is impossible to tell. Most countries do not report child labor statistics.
During the colonial period in latin America as native Indian labor became scarce the colonial powers did what?
is your head. NEW RESPONDENT. They imported black slaves.
How labor becomes scarce when there are many people who are unemployed?
Labor is scare is a situation where an economy lacks people with the proper qualifications to fill in the market place. This is one of the main scarcity problems in the economy.
