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Which economic principle describes the imbalance between what people want and what can b produced?
Wiki User
∙ 12y ago
The laws of supply and demand that result from scarcity.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoIn economics, scarcity is the main problem. Consumers have unlimited desires but there are limited resources and limited production possibilities.
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What is the unemployment produced by fluctuations in economic activity called?
The unemployment produced by fluctuations in economic activity is called
What is a command economic system is characterized by?
A command economic system is one in which people rely on the government to decide what products will be produced and who the products will be distributed to after they are produced.
What is the principle of the law of supply?
the higher the price, the larger the quantity produced
What is Economic of scale?
It happens as the units produced are increasing, the cost per unit produced is decreasing.
Mixed-market economic system who determines what products should be produced and how they should be produced?
Producers. A+
What are the principle materials produced from cotton?
Cloth.
What is the unemployment produced by fluctuations in economic activity called?
The unemployment produced by fluctuations in economic activity is called
What is a command economic system is characterized by?
A command economic system is one in which people rely on the government to decide what products will be produced and who the products will be distributed to after they are produced.
What is the principle of the law of supply?
the higher the price, the larger the quantity produced
What is an upright image?
The image produced by the lens is above the principle axis.
What is Hysteresis motor working principle?
It is a special type of synchronous motor.It works on the principle of hysteresis and the torque is produced due to hysteresis
What describes a decrease in volume produced by a force?
Compression
What is Economic of scale?
It happens as the units produced are increasing, the cost per unit produced is decreasing.
Mixed-market economic system who determines what products should be produced and how they should be produced?
Producers. A+
What are three economic choices every society must make?
The three economic choices every society must make is what the society will produce, how it will be produced, and who will get what is produced.
What is the principle behind production of electricity by candles?
Electricity is usually not produced by candles.
What term describes in volume produced by a force?
Compression force
