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Why is the price system a efficient way to allocate resources?
ensures that resource use will adjust relatively quickly to the changing demands of consumers
What is the primary concern of economics?
How society chooses to use its limited resources
Which of these statement is false Economics is anout conserving scarce resources Economics is about the use of scarce resources?
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.
How does economics benefit your life?
Economics is the study of the most effective and efficient allocation of limited resources: how to make the best use of land, natural resources, income, labor, time-- everything that is not in unlimited supply and that we ought to plan to use to best advantage. You can allocate limited resources wisely, foolishly, or thoughtlessly, but however you decide to use those resources, your life, and the lives of others, can be enriched or diminished by the choices that you make.
What are the 4 basic economic problems in your society?
what to produce how to produce for whom to produce efficient use of resources
Why is the price system a efficient way to allocate resources?
ensures that resource use will adjust relatively quickly to the changing demands of consumers
How do you use allocate in a sentence?
He will allocate ten dollars weekly for gum.
What is the US job?
The US treasure's job is to control and allocate resources available for government use. They are also tasked with the duty of Budgeting and Forecasting on behalf of the government.
What is the primary concern of economics?
How society chooses to use its limited resources
What is the us treasure's job?
The US treasure's job is to control and allocate resources available for government use. They are also tasked with the duty of budgeting and forecasting on behalf of the government.
Which of these statement is false Economics is anout conserving scarce resources Economics is about the use of scarce resources?
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.
How does economics benefit your life?
Economics is the study of the most effective and efficient allocation of limited resources: how to make the best use of land, natural resources, income, labor, time-- everything that is not in unlimited supply and that we ought to plan to use to best advantage. You can allocate limited resources wisely, foolishly, or thoughtlessly, but however you decide to use those resources, your life, and the lives of others, can be enriched or diminished by the choices that you make.
Allocate in a sentence?
Here are some examples of allocate Is the superintendent allocating the funds for the music program? I allocated my money for my dog and bike collection. I'm allocating your paycheck!!!!! Are you going to allocate that? as you can see there are many ways to use allocate in a sentence
How do you use the word allocate in a compound sentence?
The school board decided to allocate $10,000.00 for school renovations.When parents pay rent or mortgage, they allocate that sum from their monthly income.To allocate means to earmark or set aside for a specific purpose.
What change to the European society has caused this shift in the use of the land in the Ruhr?
industrialization led to the need to use the coal resources of the region.
What change in European society has caused this shift in the use of the land in the Ruhr?
industrialization led to the need to use the coal resources of the region.
What change in European society has caused this shift in the use of the land in Ruhr?
industrialization led to the need to use the coal resources of the region.
