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The resources used to make all goods and services are the?
factors of production
Why all goods and services are scarce?
All resources are scarce.
Why are all goods and services scarce in the economy?
Goods and services are scarce in the economy because there are limited resources available to produce them, and the demand for these goods and services exceeds the available supply. This scarcity forces individuals and businesses to make choices about how to allocate resources efficiently.
What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
All goods and services are scarce because the resources that compose them are scarce?
Resources are limited .
What are resources used to make all goods and services?
factors of production
What are resources used to make all goods and services called?
factors of production
The resources used to make all goods and services are the?
factors of production
What are capital resources?
Capital resources are goods produced and used to make other goods and services. They include tools, machines, and factories used to produce goods.
Why all goods and services are scarce?
All resources are scarce.
Why are all goods and services scarce in the economy?
Goods and services are scarce in the economy because there are limited resources available to produce them, and the demand for these goods and services exceeds the available supply. This scarcity forces individuals and businesses to make choices about how to allocate resources efficiently.
What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
Why goods and services are scarce?
All resources are scarce.
What are natural resources that are used to make goods and services?
labor
When markets make economics decisions convert resources into goods and services?
Demand will always force markets to make economic decisions to convert resources into goods and services. Without demand. There is any reason to convert the resources.
All goods and services are scarce because the resources that compose them are scarce?
Resources are limited .
Natural resources that are used to make goods and services are considered .?
labor
