4 economics
4 Economics
4 Economics
One issue that can spring from scarcity of natural resources is economic. When items are scarce, the price for those items goes up. Oil is a good example of this effect.
a silly guy
4 Economics
4 economics
economics
4 Economics
4 Economics
Economics is the social science that studies how individuals, governments, and societies make choices on how to allocate resources to produce goods and services for consumption. It deals with the production, distribution, and consumption of goods and services within a society.
One issue that can spring from scarcity of natural resources is economic. When items are scarce, the price for those items goes up. Oil is a good example of this effect.
a silly guy
profeteering
Chair is not considered a capital resource. Capital resources are the items that is used to produce a certain product. For example, machines are capital resources. Chair is more of a finished product, which is then sold.
In social studies, a producer is an individual or organization that creates goods or services to satisfy the demands of consumers in the market. Producers play a critical role in the economy by utilizing resources to produce goods and services for consumption or further production.
farm families began to produce fewer items for their own consumption