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What does economic resources mean?
resources like coal,oil,wood and etc... are used for companies and make money with it
What is the result of having limited resources in an economy?
People make economic choices about what to do with their resources.
Economic system used to make money?
The biggest economic system used to make money is capitalism. Which is a system of free enterprise.
Which economic system is defined as the use of private resources to make a profit?
capitolism
When market governments decide how to distribute wealth money goods and services what basic economic question are they answering?
Markets or governments make economic decisions about how to most efficiently convert their resources into goods and services. The basic economic question that is being answer is how to produce.
What does economic resources mean?
resources like coal,oil,wood and etc... are used for companies and make money with it
What is the result of having limited resources in an economy?
People make economic choices about what to do with their resources.
Can a 14 year old work anywhere in Lubbock Texas?
A 14 year old can work anywhere in Lubbock Texas. The amount of money that they make is between $9 to $12 per hour.
How do countries make decisions about economic resources?
they have a governer to help make dicisions
When markets or governments make economic decisions about what goods and service their resources will be use to make what economic decision are they answering?
What to produce
Economic system used to make money?
The biggest economic system used to make money is capitalism. Which is a system of free enterprise.
When market or governments make economic decisions about what goods and services their resources will be used to make what basic economic question are they answering?
What to produce
When markets or governments make economic decision about how to most efficiently convert their resources into goods and service what basic economic question are they answering?
Markets or governments make economic decisions about how to most efficiently convert their resources into goods and services. The basic economic question that is being answer is how to produce.
What are the economic resources used to make a tennis ball?
In the purest economics sense, the resources required to make a tennis ball include labor, product materials, machinery, and money to pay for all of them. Refer to the web definition link, below, for further information.
When markets and governments make economic decisions what good s and services their resources will be used to make what basic economic question are they answering?
what to produce
Which economic system is defined as the use of private resources to make a profit?
capitolism
How would colonies help england make money?
America had the resources that England needed to make money.
