answersLogoWhite

0

what scarce resources are used to produce goods and services.

User Avatar

Wiki User

15y 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
Explain the Importance of international financial management? Does preemptive right is important to shareholders because it? What are the market forces? What's the difference between margin and markup when calculating pricing for products or services? What was the Truman Doctrine and how did it change US foreign policy? What is true about the economies of Norden? If a creditor loans money for five year period during which there is intense deflation will his repaid loan buy more or less goods and services? What does money takes wings the only thing that endures is character mean? What are the different between cycle stock and safety stock? The new era of business will? How are interdependence and interstate trade alike? Sometimes sellers have little choice in setting a selling price because it is already marked on the item by the manufacturer. Which of the following commodities is mention in your reading material? What is the farm economy in the West Indian islands based on? Why was the U.S. economy so important to the world economy in the 1920's? What is the value of a US 10 dollar bill from the Federal Reserve Bank of Richmond Virginia? Why is the World Bank such an evil institution? Which East Asian country rose after World War 2 to become the second-largest economic power in the world? What is the role of banking in national development? What answers are diffucult sell trade barter bargain? Who prompted the idea that by pursuing your own self interest in a free market you would be actually working for the common good?