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Which measure of organizational efficiency looks at how well the organization uses all of its resources?
Partial productivity
What term refers to method a society uses to produce and distribute goods and services?
Product market
Why is scaraity neaessary?
It is not necessary as such, but simply there. Scarce resources form the basis of economics, as it is essentially about determining which uses scarce resources will flow into. As we can't produce all we want with the given resources, it has to be determined what those resources will be used for.
Why do some economists consider human resources more important than natural resources in determining a countrys future?
In order to produce the natural resources more effectively and obtain the more out of them humans have to be capable of understand completely the necessities and uses of the products available and how to produce more and better.
Explain what is meant by the basic economic problem?
Economic problem is the problem regarding allocation of limited resources for the production of alternative goods and services. in other words, economic problem is the 'problem of choice'. Since the resources are scarce and they have alternative uses, there arises the problem of choice regarding the use of these resources. The law of scarcity states that goods are scare because there are not enough resources to produce all goods that people want to consume. Thus, Economic Problem is the 'problem of relative scarcity' and the 'problem of choice' arising therefrom.The basic economic problems of an economy are given below:What to produce and how much to produce?How to produce?For whom to produce?Problem of fuller utilisation of resources.Problem of efficiency in utilisation of resources.Problem of economic growth.
What uses resources to make a product?
A business
Which measure of organizational efficiency looks at how well the organization uses all of its resources?
Partial productivity
What are the organizational resources?
Organizational resources are the assets, knowledge, people, and systems that an organization uses to achieve its goals. These resources can include financial resources, physical assets, human resources, technology, information, and organizational culture. Effective management of these resources is essential for an organization's success.
The risk taker who uses resources in an entire new way to create a new product or service?
Entrepreneur
What term refers to method a society uses to produce and distribute goods and services?
Product market
Why is scaraity neaessary?
It is not necessary as such, but simply there. Scarce resources form the basis of economics, as it is essentially about determining which uses scarce resources will flow into. As we can't produce all we want with the given resources, it has to be determined what those resources will be used for.
How can Japan produce many goods when it has few natural resources?
Japan uses imported resources to power its huge industrial base. It is the 3rd largest economy in the world.
Why do some economists consider human resources more important than natural resources in determining a countrys future?
In order to produce the natural resources more effectively and obtain the more out of them humans have to be capable of understand completely the necessities and uses of the products available and how to produce more and better.
What product does the plant produce in the photosynthesis process that the plant uses?
In the photosynthesis process, water combines with CO2 to create sugars
What Continent which produce large amounts of natural resources but uses very little?
Africa exports most of the mineral wealth that it produces.
What are the uses and misuses of human resources?
Uses and misuses of human resourceS
does a phone use or produce energy?
A phone uses energy to function, which is provided by its battery. The phone does not produce energy on its own, but it can be charged using external sources such as electricity from a power outlet or a portable charger.
