Figures comparing growth in UK productivity consistently show us falling behind our major competitors. As Geoff highlighted in this recent blog, there are many underlying factors on the supply-side of the economy and one of them is infrastructure bottlenecks caused by, among other things, slow broadband speeds.
true
True Economic growth occurs when there is an increase in the production of goods and services (GDP) of a certain period of time. With more resources available more goods or services can be produced
A modern war called for the mobilization of all economic resourcestrue
there are two types of economic resources: a. Property resources b. human resources
Economic resources are resources that help the place.
true
True Economic growth occurs when there is an increase in the production of goods and services (GDP) of a certain period of time. With more resources available more goods or services can be produced
A modern war called for the mobilization of all economic resourcestrue
Economic resources are resources that help the place.
there are two types of economic resources: a. Property resources b. human resources
True - More demand equals higher prices
factors of productions
Economic resources are classified into two categories. These are natural resources (land), and human-made resources which (capital, enterprise and labor.)
The main economic resource of difficulty is scarcity of resources.
True. Countries that have abundant natural resources such as oil, minerals, or fertile land often have more opportunities for economic growth and development, which can lead to greater wealth and power on the global stage. However, the effective management and use of these resources also play a key role in a country's overall prosperity.
The basic economic problem is scarcity of resources which is caused by the existence of alternative uses of resources
True.