resources are scarce,.the concepts of scarcity arises from the scarce resources or simply resources for short.
In economics, land comprises all naturally occurring resources whose supply is inherently fixed
Economics doesn't truly care about the conservation of scarce resources, it only cares about how those scarce resources are used. The statement 'Economics is about conserving scare resources' is false.
Economics
Economics is about the allocation of resources for the production and distribution of goods and ___________.
Ranger Frisch coined these two terms in 1933.
In economics, land comprises all naturally occurring resources whose supply is inherently fixed
Economics doesn't truly care about the conservation of scarce resources, it only cares about how those scarce resources are used. The statement 'Economics is about conserving scare resources' is false.
economics is the how to choose the resources using talent people their talent and resources
Economics
Economics is about the allocation of resources for the production and distribution of goods and ___________.
Ranger Frisch coined these two terms in 1933.
Economics is about the allocation of resources for the production and distribution of goods and _services_
if resources were in abundant there would have been no need to study economics why? what is production
Ragner Frisch.
what are the 3 types of economic resources
Resources are not
Economics is all about real life situations. All resources are limited and economics is simply about making decisions to use those resources efficiently.