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What three ways do limited resources affect a society production of good and services?

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How is scarcity related to study of economics?

Economics at its heart is the study of decisions made in order to efficiently allocate resources. Scarcity refers to the lack of unlimited resources in regards to the three inputs of production, labor, land and capital.


Why the number of phases are limited only to three why not five or six?

Physical phases of matter are not limited to three. Phases of the moon are not limited to three. Phases of a wave form are not limited to three. What phase is limited to three?


State any three factors that will ensure that resources will be available as required?

Three factors that ensure resources are available as required include effective planning, which helps anticipate needs and allocate resources accordingly; efficient supply chain management, which streamlines the procurement and distribution processes; and proactive monitoring of resource utilization, allowing for timely adjustments to prevent shortages. Additionally, fostering strong relationships with suppliers can enhance reliability and responsiveness.


The struggle between organism to survive in a habitat with limited resources is called?

Competition occurs when organisms existing at the same time and in the same place struggle for the same limited resources. This is one of the three major types of interactions among organisms, the other two being predation and symbiosis.


What were the three environmental challenges to the Sumerians?

Three environmental challenges to the Sumerians were:Unpredictable floodingNo natural barriers for protectionThe natural resources were limited for the Sumerians.


You have identified three nolving resources in the ocean?

what is three nolving resources in the ocean.


What are the three characteristics of the lives of peasants?

Peasants typically lived in rural areas, worked the land as farmers or laborers, and often had limited access to education and resources. They were part of the lower social class and had limited rights and mobility compared to the nobility.


What are three productive resources?

Human resources, Natural resources, Capital resources


What are the three basic methods to allocate service department costs to production departments or programs in a not-for-profit organization?

There are three basic methods to allocate service department costs to production departments or programs in a not-for-profit: (1) the direct method; (2) the step method; and (3) the reciprocal method.


What is Memory management in ms dos?

MS-DOS does not have built-in memory management.


What are three man made resources?

Three examples of man made resources are plastic, bleach, and nylon. Man made resources are resources created by humans.