0
What else can I help you with?
Could other resources besides labor be unused?
No. The capital sometimes is scarce.
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.
What is the scarce factor of production?
The scarce factor of production refers to resources that are limited in availability compared to the demand for them. These factors include land, labor, capital, and entrepreneurship, which are essential for producing goods and services. Scarcity in these factors can lead to competition and increased costs, influencing economic decisions and resource allocation. Ultimately, understanding scarce factors helps in addressing issues of efficiency and sustainability in an economy.
Why all goods and services are scarce?
All resources are scarce.
What product can remove scarce?
Proactive scarce removing.
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.
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.
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.
How did the importance of reproduction in the labor-scarce society of Colonial America affect the status and life cycle of women?
because now they can perform to act and retell past stories
Define The term limited resources?
Limited resources are restricted or scarce supply of sources used to create products. This can include inadequate labor or raw materials to produce goods.
What part of speech is scarce?
Scarce is an adjective.
A sentence with the word scarce?
I can give you several sentences.Money is scarce in my house.We need to conserve scarce resources.Make yourself scarce!
Why all goods and services are scarce?
All resources are scarce.
What product can remove scarce?
Proactive scarce removing.
