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Since the days of Adam Smith it is a widely held economic tenet that specialisation leads to greater productivity. This productivity increase allows firms (or for that matter countries) to benefit from static efficiency i.e. greater output from a given set of inputs
If countries can make more from their given set of resources, the problem of scarcity (i.e. the economic problem) must be improved or solved to some degree.
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∙ 12y ago
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What is the issue of scarcity of natural resources?
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.
How do consumers and businesses and governments address scarcity?
They dont
What is scarcity and how does scarcity influence opportunity cost?
Scarcity is a situation where there is not enough to satisfy everyone's wants.
Whi is scarcity important in economics?
Scarcity is the fundamental basis of economics. Without scarcity, there would be no economy.
Need a sentence for scarcity?
There was a scarcity of water in the desert.
In the Israeli-Palestinian dispute scarcity of what is a major environmental issue?
its the scarcity of water!
Does the government did enough in adressing the issue of water scarcity?
no.
What is the issue of scarcity of natural resources?
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.
How do consumers and businesses and governments address scarcity?
They dont
Concept of scarcity?
Scarcity is the economic issue of unlimited wants of very limited resources or products. Sometimes a highly desired resource or product simply can not be produced. This causes a state of scarcity.
Is water scarcity an issue in Africa?
In many parts of Africa, yes it is a very big issue. There are regular droughts there, and this results in famine.
What is the conclusion of water scarcity?
save water and not waste it, water scarcity is an issue that will greatly affect the amount of crops grown and will determine whether there is enough food to feed and give water around the world. so stop wasting water.
Why is water scarcity in northern Mexico a big issue?
Because northern Mexico is dominated by the Sonoran and Chihuahuan deserts.
What is business major?
Specialisation
What is international specialisation?
The foremost cause of inthernational trade is international specialisation,it means that different countries of the world specialize in the production of those goods in whose production they possess special resources.International specialisation is the result of division of labour.
3 Explain the difference between generalisation and specialisation by using example?
Generalisation : Generalisation is the extracting the shared characterstics from the two or more classes and combining them into generalised super class Specialisation: Specialisation is creating a subclass from the super class
Why is it advantageous for the cells of an animal to exhibit divisions of labor?
It allows for a greater amount of specialisation of cell types. Specialisation is almost always an advantage.
