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In economics, sand is considered a resource because it is a crucial raw material used in various industries, particularly in construction and manufacturing. It is essential for producing concrete, glass, and asphalt, making it vital for infrastructure development and urbanization. Additionally, sand extraction and processing can create economic opportunities and jobs, further emphasizing its role as a valuable resource in the economy.
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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
In economics why is coal considered a resource?
In economics, coal is considered a resource because it is a naturally occurring material that can be extracted and utilized to generate energy, which is essential for various industries and activities. Its abundance and energy content make it a valuable input for electricity generation, heating, and industrial processes. Additionally, coal plays a significant role in economic development by providing jobs and contributing to local and national economies. However, its environmental impact and the shift towards cleaner energy sources are also critical considerations in its valuation as a resource.
What are five types of resources in economics?
land resource water human forest
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 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.
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
In economics why is coal considered a resource?
In economics, coal is considered a resource because it is a naturally occurring material that can be extracted and utilized to generate energy, which is essential for various industries and activities. Its abundance and energy content make it a valuable input for electricity generation, heating, and industrial processes. Additionally, coal plays a significant role in economic development by providing jobs and contributing to local and national economies. However, its environmental impact and the shift towards cleaner energy sources are also critical considerations in its valuation as a resource.
What natural resource does metal come from.. its economics.. dumb homework?
i have no idear
