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If you mean Personal, then a good diet and exercise is required. If you refer to business infrastructure, the answer is obvious. Plant and equipment, walls and floors, parking lots and wiring; all need regular and careful inspection and maintenance, replacement when necessary. The tax expense known as Depreciation is an attempt to accrue funds within the business to write down the cost of an Asset over it's expected life, or Tax Life as some policies allow, and through the reduction in taxes this allows, create funds for the replacement of the asset. Different assets have different life spans.

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Why do societies need to make choices about distributing resources?

why do societies need to make choices about distributing resources


What three kinds of resources does a business need to manufacture products?

Natural resources, human resources, and capital resources.


What are business basic resources?

Business basic resources refer to the essential assets and inputs that organizations need to operate effectively. These typically include financial resources (capital and funding), human resources (skilled personnel), physical resources (equipment and facilities), and informational resources (data and technology). Together, these resources enable a business to produce goods or services, meet customer needs, and achieve its strategic objectives. Efficient management of these resources is crucial for sustaining competitive advantage and ensuring long-term success.


How have Canada's physical resources contributed to its economic prosperity?

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What is the difference between physical and economic scarcity?

Physical scarcity refers to the actual shortage of a resource due to its limited availability in nature, such as water or fossil fuels. In contrast, economic scarcity arises from the imbalance between limited resources and unlimited human wants, leading to competition for those resources. While a resource can be physically abundant, it may still be economically scarce if it is not accessible or affordable to those who need it. Essentially, physical scarcity is about the resource itself, while economic scarcity focuses on the allocation and distribution of that resource.

Related Questions

How are ecosystems maintained?

An ecosystem is maintained by keeping a balance between the number of resources and the number of the users. Also, it is maintained by the balance between predators and prey.


Why is human resource more important than physical resources?

because with out human resources there would be no physical resources


What are physical resources?

physical resources are the resources that are made by man through his abilities and skill.the buildings,technology, and many more products that are made by man is an example of physical resources.this resource helps man's daily activities become easy.


Is money considered as physical resources?

No, money is not considered a physical resource in the same way that natural resources like water or minerals are. Money represents a medium of exchange that facilitates transactions and the allocation of physical resources. It does not have intrinsic value like physical resources do.


Why is human resources are more important than physical resources?

It is more important because without it, there would never be physical resources.


Physical health can be maintained by avoiding what?

Alcohol, tobacco, and other drugs


Where in space have you been?

I exist on servers maintained by the service provider. I don't have a physical presence in space or the physical world.


What areas need to be maintained in a workplace?

All parts of a workplace should be adequately maintained.


2 groups of resources of home management?

-physical resources -Human resources


Why must a company have financial resources before it can use human and physical resources?

Because if a company doesn't have financial resources, it can;t pay for any human or physical resources.


What is the physical domain?

A physical domain is that which use the physical hardware resources of system such as, RAM, HDD, etc. Where as virtual server share the resources of physical domain. Sheraz Elahi


The entire food chain on earth is maintained by the physical processes known as?

photosynthesis