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Which of these statement is false Economics is anout conserving scarce resources Economics is about the use of scarce resources?
Economics doesn't truly care about the conservation of scarce resources, it only cares about how those scarce resources are used. The statement 'Economics is about conserving scare resources' is false.
Economics is about conserving scarce that you need to produce the goods for people to buy?
resources
Why conserving scarce resources affects how quicky they are used up?
Conserving scarce resources helps extend their availability by reducing consumption rates, which in turn slows down their depletion. When individuals and industries adopt more sustainable practices, they lessen the strain on these resources, allowing for more time for natural replenishment or alternative solutions to be developed. This mindful usage fosters a balance between consumption and sustainability, ultimately ensuring that future generations have access to essential resources.
Why all goods and services are scarce?
All resources are scarce.
What are resources in terms of economics?
resources are scarce,.the concepts of scarcity arises from the scarce resources or simply resources for short.
Which of these statement is false Economics is anout conserving scarce resources Economics is about the use of scarce resources?
Economics doesn't truly care about the conservation of scarce resources, it only cares about how those scarce resources are used. The statement 'Economics is about conserving scare resources' is false.
Economics is about conserving scarce that you need to produce the goods for people to buy?
resources
Why all goods and services are scarce?
All resources are scarce.
What are resources in terms of economics?
resources are scarce,.the concepts of scarcity arises from the scarce resources or simply resources for short.
What are scarce economic resources?
Resources that are limited and in demand are scarce, and therefore have a cost.
What is scarcity of resources?
resources that are scarce
All goods and services are scarce because the resources that compose them are scarce?
Resources are limited .
Why goods and services are scarce?
All resources are scarce.
What are the example of scarce resources?
Example of some scarce resources are Oil, Paper, Gasoline and Land etc.
Do scarce resources have lower value?
Scarce resources are known to attract higher prices and thus they are of higher value than those in abundance. Examples of scarce resources include diamonds and gold.
What are the scarce productive resources?
me
When are resources scarce?
competition
