0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is called the use of scarce resources for production of goods and services?
Rationing
The use and distribution of scarce resources for production of goods and services?
Economics
What do economists consider factor of production?
enumirate the different factor of production?
Economics is about the production of goods and services which requires the allocation of what?
Resources
Why may labor as a mobile factor of production be unwilling to move?
why the labour as a mobile factor of production may be unwilling to move
Why Ghana i s a mixed factor of production?
because production of goods and services are done or own by both private and government firms or scarce resource are own by both private individual and government
In contrast to labor which factor is a scarce factor of productin?
Land is, by nature, finite. However, I believe that entrepreneurship is probably the most scarce of the four factors.
Heckscher-Ohlin theory of factor endowment?
The Heckscher-Ohlin theory posits that countries will export goods that require factors of production that they have in abundance and import goods that require factors of production that are scarce. This theory emphasizes the role of differences in factor endowments, such as labor and capital, in determining patterns of international trade. Countries with an abundance of one factor will export goods that are intensive in that factor and import goods that are intensive in the scarce factor.
What kind of factor is it when food becomes scarce that it prevents population growth?
limiting factor
What factor prevents population growth when food is scarce?
pollution
Provide an example that represents limited resources?
Factors of production are also termed resources or scarce resources. This factor must be produced using other factors of production, which means that society is often, Farmland provides an example of the blur between land and capital.
What is called the use of scarce resources for production of goods and services?
Rationing
The use and distribution of scarce resources for production of goods and services?
Economics
What do economists consider factor of production?
enumirate the different factor of production?
When a needed resource in an ecosystem becomes scarce it is called?
A limiting factor
What was the Production Budget for Chill Factor?
The Production Budget for Chill Factor was $34,000,000.
Economics is about the production of goods and services which requires the allocation of what?
Resources
