The three economic resources used for making, selling, and using goods and services are land, labor, and capital. Entrepreneurship is also a factor in making, selling, and using goods and services.
making the most of resources
The biggest economic problem is Scarcity. All over the globe, people have unlimited want and desires, but we have only LIMITED resources. Economics is about making decisions to fulfill these wants to our extent. For example, questions such as: What goods and services should an economy produce? How should we produce these goods and services? Who should get the goods and services we produce?
their economic system
European powers used human resources from their colonies for economic gain by making them do hard work for barely no way. They did all kinds of hard labor for the government with nothing in return.
what are the economic tool which help manager in decision making
to be with a group of people making or selling or advertising services
making the most of resources
The biggest economic problem is Scarcity. All over the globe, people have unlimited want and desires, but we have only LIMITED resources. Economics is about making decisions to fulfill these wants to our extent. For example, questions such as: What goods and services should an economy produce? How should we produce these goods and services? Who should get the goods and services we produce?
Some services are making yachts and selling diamonds. Other are farming and poultry.
their economic system
Ghana has achieved economic success by making use of its natural resources, as well as participating in a 3 year plan in conjunction with the IMF.
European powers used human resources from their colonies for economic gain by making them do hard work for barely no way. They did all kinds of hard labor for the government with nothing in return.
No, economics and politics are separate academic fields. Economics studies the production, distribution, and consumption of goods and services, while politics focuses on governance, power dynamics, and decision-making processes within societies. However, there are often interconnections between economic and political systems.
Human activity in commerce book refers to the various actions and behaviors involved in buying, selling, and trading goods or services for profit. This includes activities such as production, marketing, distribution, and consumption of goods and services within the framework of an economic system. It also encompasses financial transactions, entrepreneurship, and business decision-making processes.
Web hosting is a service that allows people to make their own websites on the internet. E commerce is the buying and selling of electronic services. So basically, Web Hosting ecommerce is the buying ans selling of website making services.
Socialism has many defining characteristics, but two important ones are listed below.government ownership of resources other than laborcentralized economic decision-making
what are the economic tool which help manager in decision making