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That productive resources are scarce relative to economic wants.

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13y ago

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The economizing problem is one of deciding how to make the best use of?

-limited resources to satisfy virtually unlimted wants


What is meant by economizing of resources?

Economizing of resources refers to the efficient allocation and utilization of limited resources to achieve maximum benefit or output. It involves making choices on how to best use resources such as time, money, and materials to minimize waste and maximize productivity. This concept is often applied in business, economics, and environmental management to ensure sustainability and optimization.


Why is economics related to science?

Because economics deals with human problem.


What are synonyms of thrift?

saving, economizing, providence, carefulness


What is the synonym of thrift?

saving, economizing, providence, carefulness


What is the core economic problem?

the core economics problem with economy of pakistan


What has the author Erik Angner written?

Erik Angner has written: 'A course in behavioral economics' -- subject(s): BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Decision-Making & Problem Solving, BUSINESS & ECONOMICS / Economics / Microeconomics, BUSINESS & ECONOMICS / Economics / Theory, Economics, Psychological aspects, PSYCHOLOGY / Industrial & Organizational Psychology


Dental health problem involving economic crisis in the Philippines?

problem of the Philippines involve economics


What is the basic problem that gives rise to the study of economics?

Pericycle


What is perpetual problem of economics?

when there is never enough to satisfy everyone.


What is noun of economize?

The noun forms for the verb to economize are economizer, economization, and the gerund, economizing.


What are examples of economize?

Economics are things that drive a countries economy. Some examples of economics are farming, minerals, livestock, mining, nutrients, military, clothing and computer.