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11y ago

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Factors might affect cost of product?

Labor, resources, distribution costs, overhead, and taxes.


Why might economic scarcity lead to increased warfare?

it might lead to warfare because people will figh other countries for there resources


How do the worlds economies interact affect one another?

They interreact from trad and might benefit from it but a affect is that people lose there jobs because of trade.


How does entrepreneurial resources effect a countries economy?

Entrepreneurial resources can affect the economy of a country if these resources are utilized to supplement companies or in fact create new companies. If successful then it often results in a higher employment rate for that country. It may also increase the tax base & revenues of local, state, and federal governments. If these resources result in failure then the upward boast from their beginnings is deflated. If the resources are not utilized at all, then the economy generally speaking sees no affect or return on any profits that they might have created.


Do wealthy people have to deal with scarcity?

Yes, wealthy people can experience scarcity, though it may differ from the scarcity faced by those with fewer resources. For the wealthy, scarcity might manifest in terms of time, attention, or specific luxury goods that are limited in availability. Additionally, they may face pressure to maintain their wealth or meet high expectations, which can create a different kind of scarcity in their lives. Ultimately, while their resources may alleviate many forms of scarcity, it does not eliminate the concept entirely.