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Is it true a resource is anything people use to make or obtain what they want or need?
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∙ 12y ago
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∙ 12y ago
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What is scarcity how does it affect the way people make ecomomic choices?
Scarcity is the limited availability of a resource. It affects the way people make economics choices by increasing the price and likely the demand of the resource.
Why is labor an economic resource?
For an economy to function, it must have human labor. This includes a long list of types of labor in order to make an economy viable. Therefore, the resources of an economy run from scientists to teachers to business people to factory and farm workers.
Why is petroleum such a valuable resource to our society?
used to make plastic and power engines
What are the positives and negatives of a market economy?
The benefit of a market economy is that people are free to make their own preferences on what products or services to obtain. The problem is that the costs for the production are not paid by the supplier at all times.
What effect is a poor economy likely to have on a community?
It is going to make there comunity very poor. people will not be able to aford houses and can not bye anything as the prices will be to high. As people cant bye anything then people can not get money through the jobs so it goes in a big spiral down. I hope i helped and please give me feed back.
A resource is anything people use to make or obtain what they want or need.?
yes
Does a person make or obtain food?
people make food from farming and obtain food from animals
In terms of the circular flow diagram businesses obtain revenue through the market and make expenditures in the market?
Resource; Product
How does a person make or obtain food?
people make food from farming and obtain food from animals
A natural resource that people use to make energy?
Uranium
What is scarcity how does it affect the way people make ecomomic choices?
Scarcity is the limited availability of a resource. It affects the way people make economics choices by increasing the price and likely the demand of the resource.
How do people obtain guns?
Buy them, steal them, inherit them, make them.
How many people make up a city?
It takes 50.000 - 100.000 people to make a city. Anything less is a town, and anything more is a metropolitian area.
What can the government do to protect us from another terrorist attack?
Make it more difficult to obtain/access anything that can be used against us.
Is gold a natural man made resource?
No, anything that comes from nature alone, is a natural resource. For example: Oil, wood, metals are all natural resources. However, man can make things from natural resources, such as houses or cars.
How do you prevent deadlock in Linux?
Deadlock is not really anything a user has to worry about. Deadlock is merely what happens when two objects want to make the use of each other's resource, but won't release the resource they have until they get the resource they want. How this is usually prevented is to have an object drop ANY resource it no longer needs before trying to get a new resource. This is just one approach, as it doesn't stop deadlock if both objects need the resource they have but need a resource the other object needs.
What you understand by people as a resource?
'People as a Resource' is a way of referring to a country's working capital in terms of their existing productive skills and abilities. Like various other resources people or population is a resource commonly termed as - 'Human Resource'. There are some people who regard population as liability rather than an asset. But it is not true; people can be turned into a productive asset if we make investment on them in the form of education, training and medical care. For example, Japan did not have any natural resource. They made investments on their people especially in the fields of education and health. Ultimately, these people after efficient use of their resources made their country rich and developed.
