opportunity cost
Scarcity
Scarcity
Yes
They occur whenever we dont have enough resources to produce all the things we like to have. By : Taylor S Locklear
People didn't have to work as hard to get things they needed. Resources and other things were there and easy to buy.
lack of resources to produce things people want
The three main kinds of resources are natural, human, and capital. Natural Resources are gifts of nature, human resources are skills people have to produce goods and services, and capital resources are the things people make, such as machines and equipment, to produce goods and services.
Scarcity
sarcity
scarcity
Scarcity
we would have to use alternative resources to get things done.
Yes
Location affects natural resources because not all things grow everywhere, and not all regions of the world produce the same things.
Whenever we do not have enough resources to produce all the things we would like to have. ======================================================= There exists insufficient goods, products, for a society, people. Some say humans will, always, want more than resources can provide.
Natural is defined as "gifts of nature, such as forest, fertile, soil, and water." Human is defined as "the skills people have to produce goods and services." Capital is defined as "the things people make, such as machines and equipment, to produce goods and service."
Nations use their scarce resources to produce those things that they produce better than other countries.