answersLogoWhite

0

what scarce resources are used to produce goods and services.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What are the key words of microeconomics what is the universal economic problem?

Microeconomics is the branch of economics that study decision making by a single individual, household, firm, industry or level of government. Microeconomics applies a microscope to study specific part of an economics. The focus is on small economics units, such as economics decision of particular group of consumer and Businesses. Microeconomics is the branch of economics that study decision making by a single individual, household, firm, industry or level of government. Microeconomics applies a microscope to study specific part of an economics. The focus is on small economics units, such as economics decision of particular group of consumer and Businesses.


What does the study of economics include?

Economics is the study of wealth and its distribution.


What has the author Judy H Dowell written?

Judy H. Dowell has written: 'The masculine focus in home economics' -- subject(s): Home economics, Study and teaching (Secondary)


Why is it necessary to study economics?

Because Economics is a Study of Body of Knowledge.


What is the study of economics an important exercise?

why is the study of economics an important exercise


What is study of economics called?

It is called economics


What the study of how wealth is created and distributed?

Economics


How do you prepare in economics for net exam?

Read standard books especially related to public economics, developmental economics and also study about Indian economy with focus on current financial and economic developments happening in the country as in finance commission and planning commission etc.


How long have we had the study of economics?

but the study of economics dates back only a few hundred years.


How schould my study in economics?

In economics you will study how to work in the financial districts and learn how to manage money.


How does the study of economics depend upon the phenomenon of scarcity?

Economics is the study of how society manages its scarce resources therefore, the study of economics is only important because of the scarcity of resources. Higenyi


Is study of economics necessary in a situation of abundant resources?

is the study of Economics necessary in a situation of abundant

Trending Questions
Cost of rent in 1930s? What factors limit the ability of central Asian countries to improve their economics? What is value of 1922 silver eagle dollar? Why is money being wasted to build an underground tunnel to the stadium at Strawberry Crest High when budgets are being cut? What is structuralist view on inflation? How much does a real estate agent make a year? How did business change during 1920s? What countries have a Capitalist Economic System? What is control Of the supply of a product or service? Is it the responsibility of the powerful and the wealthy to support and aid those who have less power and money or is it up to the individual person or groups of people to take care of themselves? Who patented and manufactured Monopoly? What were the goals and results of Stalin's five year plans? Which of these books outlined how the American economy would be managed by big business big labor and government in the future? What government organization regulated prices on a variety of products to curb inflation? Why do economists use percentage change to calculate elasticity demand? What impact does the auto industry oligopoly have on consumer choice and competition within the market? Is miserly a negative or positive connotations? You filed your 2007 tax return but had to do an amendment because you forgot a w2 after doing the amendment you made enough to qualify for the stimulus will you still receive a stimulus check? What are processes for standadisation of goods? What is mean by domino effect?