Resources
Resources
Economics is about the allocation of resources for the production and distribution of goods and ___________.
I am presuming that economics refers to a certain type of science that serves with the inquiry of consumption of goods, allotment/allocation distribution, and both the production and distribution of services and goods. Economics can help solve the problem of resource recycling for the benefit of mankind.
Economics is about the allocation of resources for the production and distribution of goods and _services_
Resources
Resources
Resources
Economics is about the allocation of resources for the production and distribution of goods and ___________.
Resources
I am presuming that economics refers to a certain type of science that serves with the inquiry of consumption of goods, allotment/allocation distribution, and both the production and distribution of services and goods. Economics can help solve the problem of resource recycling for the benefit of mankind.
Economics is about the allocation of resources for the production and distribution of goods and _services_
The study of the production of goods and services would most likely be conducted in the field of economics. Economics focuses on the allocation of resources to produce goods and services efficiently and how individuals, businesses, and governments make decisions related to production.
An economist primarily studies how people change resources into goods and services. Economists examine the production, distribution, and consumption of goods and services within an economy to understand factors such as supply and demand, pricing, and resource allocation.
A production possibilities curve (PPC) typically illustrates the trade-off between the production of two goods or services, such as consumer goods and capital goods. It depicts the maximum output combinations that can be produced given limited resources. For example, the curve may show the trade-off between producing cars and computers, highlighting how increasing the production of one good requires reducing the production of the other. This visualization helps to understand opportunity costs and resource allocation in an economy.
An Economist studies the production distribution and consumption of goods and services
An Economist studies the production distribution and consumption of goods and services