0
What methods used to compensate for scarcity of resources in the ancient world?
Wiki User
∙ 6y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Most developed countries in the world are not facing the problem of scarcity comment on this?
Developed countries ARE in fact facing the problems of scarcity. Methods to create renewable energy and clean drinking water is a huge industry in all of the developed nations of the world.
What are the three economic problem that all economies face because ofthe basic economic problem?
The basic economic problem which is Scarcity give rise to 3 fundamental problems. 1) What to produce (Type & how many) 2) How to produce (Methods of production) 3) Whom to produce for (Not for everyone will get the good) Because of limited resources.
When a business is using methods that help it use its time and resources the best they can what are they exercising?
efficiency
What is the scientific definition of economics?
According to Princeton University, Economics is the study of the production, distribution and consumption of goods and services. Answer Economics is usually defined as the problem of how best to distribute limited resources, limited because wants are characterized as unlimited, but common sense tells us that rather than limited resources, there is an abundance of resources. The difference is one of perspective and this is core to any alternative understanding of economics. If wants are the focus, then of course resources are limited by definition, but if minimum needs or essentials are used as the foundation, then resources are seen to be abundant. The difference is between a description and an explanation. A focus on wants or desires describes a market situation, while a focus on essentials or needs allows an explanation of choices to begin. It is necessary to shift the basis of economic theory away from assumptions of scarcity and onto that of the reality of high production if a rational explanation is to be found as to why certain activities are profitable and others, despite their desirability on social or moral grounds, are not. This begins with the understanding that an abundance of resources means that not all need to work productively and that some use more resources than others. Who shall be the lucky ones and how to keep the unlucky quiet is fundamental to the running of most economies. Abundance is therefore an economic problem because the choices opened up by having more resources than is strictly needed to live presents a danger to those processes of production and the command that some have over resources that created the abundance in the first place. Why does so much waste exists along side so much poverty in the world? The orthodox assumption of scarcity has survived even the staggering levels of surplus of modern economies because this assumption suits the needs of those who command resources and who prefer to ensure that the economy does not become democratized; that unpleasant tasks are done by someone else, that some win and many lose. An Economic theory based not on scarcity but on abundance is a theory that seeks not to describe distribution but to explain choices. The development of such a theory would undercut the dominance of those satisfied with the current methods of production and control over resources. It would do so by revealing the choices made to limit the production of essentials and to divert resources to the production of luxury and fashion goods. A distribution of resources currently labeled "scarcity". The economy has failed in the world because it has crashed mostly.
What is the similarities of macroeconomics and microeconomics?
Microeconomics and macroeconomics are related because changes in the overall economy arise from the decisions of millions of individuals. Although they are related, the methods employed in each area differ to the extent they be studied in separate courses or discussions.
Where is water scarcity happening?
one place where water scarcity is, is ghana
What are ancient Greek teaching methods?
Ancient Greek teaching methods included the use of questioning and dialogue to stimulate critical thinking, memorization of literature and poetry, and physical education to promote a healthy mind and body. Students were also encouraged to participate in debates and public speaking to develop their oratory skills.
what are methods of ordering additional resources?
The methods of ordering additional resources vary from source to source. Usually additional resources can be obtained by contacting the company you wish to order the resources from by phone or email. Sometimes you can also order additional resources online.
Most developed countries in the world are not facing the problem of scarcity comment on this?
Developed countries ARE in fact facing the problems of scarcity. Methods to create renewable energy and clean drinking water is a huge industry in all of the developed nations of the world.
Are environmental scientists unconcerned with methods to preserve natural resources?
It would be false to say environmental scientists are unconcerned with methods to preserve natural resources. Persevering natural resources is a priority among many environmental scientists.
How do you improve water scarcity?
Water scarcity can be improved by various methods like rainwater harvesting, canal irrigation, lift irrigation, groundwater protection, building wells and tanks, avoiding misuse of water and also by hydroelectricity projects, dams, etc
How have the modern farming methods overused the natural resources?
simpily
What were some Ancient Egyptian hunting methods?
spearing
What is geotechnology?
Geotechnology is the application of scientific methods and engineering techniques to the exploitation and utilization of natural resources (such as mineral resources).
How are power resources conserved?
Fossil fuels are exhaustible resources. Some methods of conserving power resources are:Minimise the use of fossil fuelssave electricityincrease the amount of renewable resources
What are the three economic problem that all economies face because ofthe basic economic problem?
The basic economic problem which is Scarcity give rise to 3 fundamental problems. 1) What to produce (Type & how many) 2) How to produce (Methods of production) 3) Whom to produce for (Not for everyone will get the good) Because of limited resources.
How did Ancient Egyptians carve or mold gold into shapes?
Ancient Egyptians had a number of methods for producing jewelry. Some of these methods include melting gold and pouring it into molds, and hammering gold into shapes.
