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People government and society choose how to use scarce resources and to produce items for consumption?
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Is the study of how society chooses to employ resources to produce goods and services and distribute them for consumption among various competing groups and individual?
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.
What are the 4 basic economic problems in your society?
what to produce how to produce for whom to produce efficient use of resources
This is the condition that results from society not having enough resources to produce all the things people would like to have?
Scarcity
What is economic resources?
Economic resources are the assets (things of value) which an economy (or business) may have available to supply and produce goods and services to meet the ever-changing needs and wants of individuals (in the case of a business) and society (in the case of society as a whole.)
An underutilization of a country's resources means what?
The maximum amount of the combination of goods that a country can produce given its available resources and technology. It represents the different choices or trade-offs that society faces.Means not using all the resources that you have.
Is the study of how society chooses to employ resources to produce goods and services and distribute them for consumption among various competing groups and individual?
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.
What are the 4 basic economic problems in your society?
what to produce how to produce for whom to produce efficient use of resources
Do any society can produce goods and services?
no, i dont think that any society can produce goods and services that meet all its wants because there are societies with poor resourses and some with rich resources.
What is the relationship between Government and Society?
Political parties are based on an ideology on how a government should operate and what the goals of the government should be. These two beliefs on government effect the policies and practices of a government. Society, in turn is effected by government and in some cases society gives birth to a political party. The three are found together.
This is the condition that results from society not having enough resources to produce all the things people would like to have?
Scarcity
What was the basis of african society?
The federal system formed the basis of Ethiopian government and society.
What is economic resources?
Economic resources are the assets (things of value) which an economy (or business) may have available to supply and produce goods and services to meet the ever-changing needs and wants of individuals (in the case of a business) and society (in the case of society as a whole.)
An underutilization of a country's resources means what?
The maximum amount of the combination of goods that a country can produce given its available resources and technology. It represents the different choices or trade-offs that society faces.Means not using all the resources that you have.
Socialism is characterized by?
A classless stateless society where the resources of the planet belong to everyone and are used to meet human need.
What is the characteristics of mixed economic system?
# The private sector controls some part of natural resources and the government controls the other # The government plays an important role in resolving economic problems faced by society # Private ownerships and governments cooperate to produce goods and resolve together fundamental economic problems # The government also provides services such as education, health, military defense, legal and infrastructure to society. # The government influence in determining the goods to be produced.
What resource is as important as natural resources?
Natural resources and human resources are one key to a nation's economic success. Each must be handled fairly and one method of doing this is through the resources of a democratic government and society.
Are the goods that businesses offer for free to consumers also free to society?
No, because scarce resources were used to produce the free goods
