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What is the definition of economics by roger leroy miller?
· The study of how the individuals and societies make choices about ways to use scarce resources.
What is scarcity how does it affect the way people make ecomomic choices?
Scarcity is the limited availability of a resource. It affects the way people make economics choices by increasing the price and likely the demand of the resource.
Why is decision making by any management truly economic in nature?
because the main activity of managers are managing economics resource such as human, time, money, talent etc. all thos resource are limitted or scarce in their nature. the main goal of manager is to maximum profit from their activities to maximize this profi assemblies of factor of production for the purpose of producing goods and services to make maximum profit requires. Economic concept that are concerned with the allocation of resources and choose of alternatives tha gives maximum profi to the organization they manage.
Why is petroleum such a valuable resource to our society?
used to make plastic and power engines
Is it true a resource is anything people use to make or obtain what they want or need?
wood
What conversation rules did they have in place to make seafood a sustainable resource?
The conversation rules that that they had in place to make seafood a sustainable resource was based on three component framework.
How did scarcity lead to specialization in Mesopotamia?
They had to make products to trade for scarce resources -studyisland
What are three criteria that are needed for an individual to make sound health decisions?
I was wondering this exact same question!
Is money is scarce resources?
It depends on the resource in question, now doesn't it? If you're working with something made out of sand--either glass or microchips--money's more scarce than resources. I have a whole backyard made out of sand. If I had a whole backyard made out of money...well, I wouldn't be living in THIS house, for one thing! If you make things out of diamond, then the resources are more scarce than money.
Is money more scarce than resources?
It depends on the resource in question, now doesn't it? If you're working with something made out of sand--either glass or microchips--money's more scarce than resources. I have a whole backyard made out of sand. If I had a whole backyard made out of money...well, I wouldn't be living in THIS house, for one thing! If you make things out of diamond, then the resources are more scarce than money.
Name three criteria of a good location for an air-cooled condensing unit?
1.code requirements 2.will not make noise 3. place with low shrubs
How much is a 32 caliber berretta pistol?
Value of ANY gun is based on exact make, model, and condition. You gave us one of the three criteria we need to give you an answer.
How can you make a potentially renewable resource sustainable?
A potentially renewable resource can be made sustainable by managing the use of the resource so it does not run out.
How does Germany make up for the resources that are scarce?
It imports them from other countries, if it is possible to do so.
Make sure you read the judging criteria?
Understood, I'll ensure to review the judging criteria thoroughly. Thank you for the reminder.
What is alternative resource?
an alternative resource has energy from the sun the congregates or meats the moon to make night.
Is syrup a natural resource?
No, syrup, isn't a natural resource, but the sap that we use to make syrup is.
