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Economics is the broad term for the study of how a society chooses to employ its resources to create goods and services and sitribute them for consumption among the various groups and individuals in a society. There are names for the sub branches of economics, and for the various theories, such as "supply side economics," for creating and consuming goods.
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Is the study of how to employ resources to produce goods and services and distribute them among competing groups and individuals?
economics
Which of theses activitives is most essential to the game of economics?
The most essential activity in the game of economics is the allocation of resources. This involves making decisions about how to distribute limited resources among competing uses to maximize utility and efficiency. Understanding supply and demand, as well as individual and collective choices, plays a crucial role in determining prices and shaping economic outcomes. Ultimately, effective resource allocation drives production, consumption, and overall economic growth.
Economics is about allocating resources to produce and distribute which of the following?
Goods and services
A situation in which the market does not distribute resources efficiently is considered to be .?
a market failure
What Economics is about allocating resources to produce and distribute?
Economics is about the allocation of resources for the production and distribution of goods and _services_
Is the study of how to employ resources to produce goods and services and distribute them among competing groups and individuals?
economics
How did Jews distribute their resources?
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What is rationale saving decision?
According to the law of economics, Income is a function of savings and consumption. Saving decision by an individual helps to maintain resources for future consumption whenever he feels the demand to.
What is rationale of saving decision?
According to the law of economics, Income is a function of savings and consumption. Saving decision by an individual helps to maintain resources for future consumption whenever he feels the demand to.
Great powers competing about?
they were competing about money(economics), navies, armies, amount of resources, etc
What is the ecosystem at Point A?
Answer this question… C.There is no competition for resources.
How did they gain or distribute resources?
We need the "who" for this question.
What is the ecosystem at Point C?
the beetles are competing for resources .
Do opposum kill cats?
Yes, they can if they are competing for the same resources.
What is the link between resources and envronmental degradation?
Resources is directly proportional to Environmental Degradation. When consumption from resources is high Environmental Degradation is high. When Consumption from Resources is low Environmental Degradation is low.
How did the Phoenicians use resources?
For consumption and trade.
Economics is about allocating resources to produce and distribute which of the following?
Goods and services
