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What Economics is about allocating resources to produce and distribute?
Wiki User
∙ 7y ago
Economics is about the allocation of resources for the production and distribution of goods and _services_
Wiki User
∙ 15y ago
Nathan Moravec
(APEX) goods and services
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Economics is about allocating resources to produce and distribute which of the following?
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 do you define the term 'economics'?
Economics is the social science that studies the management of scarce resources such as land, labor, and capital to produce, distribute, and sell tangible objects or to provide services in order to satisfy apparently unlimited human wants.
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.
How does scarcity affect the factors of production?
Scarcity is the non-abundance of resources. Resources are needed to produce. Thus, the more that is produced, the more resources are being used.
Economics is about allocating resources to produce and distribute which of the following?
Goods and services
Economics decisions involve doing what with resources to produce goods and services for people to consume?
Allocating
Is the study of how to employ resources to produce goods and services and distribute them among competing groups and individuals?
economics
What do economic decision involves with resources to produce goods and services for people to consume?
Allocating
How do you define the term 'economics'?
Economics is the social science that studies the management of scarce resources such as land, labor, and capital to produce, distribute, and sell tangible objects or to provide services in order to satisfy apparently unlimited human wants.
Economic decisions involve doing what with resources to produce goods and services for people to consume?
Allocating
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.
How does scarcity affect the factors of production?
Scarcity is the non-abundance of resources. Resources are needed to produce. Thus, the more that is produced, the more resources are being used.
What does the study of economics focus on?
what scarce resources are used to produce goods and services.
Economics is about conserving scarce that you need to produce the goods for people to buy?
resources
What is a growth oriented definition of economics by Samuelson?
Economics is a study of how people and society end up choosing with or without the use of money to employ scarce productive resources which could have alternative uses to produce various commodities and distribute them now or in future among various persons and groups of society.
Why do resources need to be allocated in the game of economics?
There are not enough resources to produce all of the goods and services that everyone wants.
