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Why is money not considered to be a capital resource in economics?
Because money does not produce anything. Something is a capital resource because it produces ... it makes consumables or produces services.
Can economics be consider a science?
Yes, economics can be considered a science.
Why is economics considered as a science?
Because it follows strict systematic and practical methods
What are five types of resources in economics?
land resource water human forest
What does an ecnomist mean by the term land?
Land, In economics, the resource that encompasses the natural resources used in production. ... Land was considered to be the “original and inexhaustible gift of nature.” In modern economics, it is broadly defined to include all that nature provides, including minerals, forest products, and water and land resources.
Why is money not considered to be a capital resource in economics?
Because money does not produce anything. Something is a capital resource because it produces ... it makes consumables or produces services.
Is sand a natural resource?
Yes, sand is a natural resource
What is resource market in economics?
Danusy
Is sand a renewable resource or nonrenewable resource?
It is renewable!
Is sand a renewable source?
Yes sand is a renewable resource
What has the author Donald E Campbell written?
Donald E. Campbell has written: 'Incentives' -- subject(s): Mathematical models, Social choice 'Resource allocation mechanisms' -- subject(s): Welfare economics, Equilibrium (Economics), Resource allocation, Economics, Consumption (Economics)
Is sand a limited resource?
ok
Is sand man-made or natural?
It is a fact that sand is a natural resource.
Is sand a nonrenewable resource?
In the same sense that Oil is a non renewable resource, sand is a non renewable resource as well. There is an awful lot of sand on the Earth to last for centuries, perhaps millenia, however if it was used as much as oil for example, it would eventually run out. This is so because rocks take a long time to reach a 'sand state' in sufficient quantities to be considered a resource so eventually, IF the sand did run out, people would have to wait at least several centuries before there would be enough sand again to be used. There is no renewing in this resource at all, the rock cycle is a closed system, however there are NOT equal quanities of material at each stage of the cycle, therefore making it unrenewable.
Why is soil considered a nonerenewable resource?
Why is soil considered a nonrenewable resource
Can economics be consider a science?
Yes, economics can be considered a science.
Why is economics considered as a science?
Because it follows strict systematic and practical methods
