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What economic term for what you lose when using resources for something else?
Wiki User
∙ 8y ago
The economic term for what you lose when using resources for something else is known as opportunity cost.
Jude Beatty
Wiki User
∙ 9y agoThe economic term for what you lose when using resources for something else is opportunity cost.
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What is the economic term for what you lose when using resources for something else?
The economic term for what you lose when using resources for something else is known as opportunity cost.
How Using the factors of production to make one product always means that?
fewer resources are left tp make something else.
If choosing something means you give up something else what is the economic term for this?
The economic term for the cost of a choice is the opportunity cost.
When you make an economic not to buy something so that you can buy something else it is called a what?
trade - off
What are economic resources Explain link between scarcity choice and oppurtunity cost?
Economic resources are constraints on the decisions we make when we figure out how to meet our desires. Scarcity implies that we cannot have everything we want and so must trade-off some things we want less for things we desire more. Opportunity costs are the losses we experience in this trade-off. These losses occur because to get what we want, we have to give up something else in return.
What is the economic term for what you lose when using resources for something else?
The economic term for what you lose when using resources for something else is known as opportunity cost.
What is the economic terms for what you lose when using resources else?
The economic term for what you lose when using resources for something else is known as opportunity cost.
What term is used for what you lose when using resources for something else?
The economic term for what you lose when using resources for something else is known as opportunity cost.
How Using the factors of production to make one product always means that?
fewer resources are left tp make something else.
Using the factors of production to make one product always means what?
fewer resources are left tp make something else.
Are resources natural gas and oil?
no resources is something else check in the dictionary to find definition of resources
If choosing something means you give up something else what is the economic term for this?
The economic term for the cost of a choice is the opportunity cost.
When you make an economic not to buy something so that you can buy something else it is called a what?
trade - off
What are the natural resources of San Francisco?
some natural resources would be: gold, and something else
Do you put an in front of the letter f?
if your using something like "if an," or something else.
Is there a sentence using the word graphite?
ask something else
What is Something described as being something else?
when you're describing something as being something else entirely, you are using metaphorical lexis (or just plain metaphor) hope that helps m8!
