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Capital is considered a scarce resource because it is limited in availability relative to the demands for investment in various sectors. The production of capital goods requires significant time, labor, and resources, which constrains the amount that can be created. Additionally, competing needs for capital across different industries and projects can lead to increased competition and allocation challenges. This scarcity necessitates careful decision-making regarding its use to maximize economic efficiency and growth.
What else can I help you with?
Is time a scarce resource?
yes
What is a scarce resource in the region?
fossil fuels
Why is water considered a scarce resource?
Water is considered as a scarce resource as fresh water occupies only 3% of total water found on earth.
Why isn't money considered a capital resource?
Money IS a capital resource.
Is air a scarce resource?
A scarce resource is any material good that has a limited supply. Technically, air is a scarce resource, like all material, due to the law of conservation of matter. However, because it is initially plentiful and renewable on a mass scale, there's little reason to fear a shortage, which mustn't be confused with scarcity.
Why time as a resource is scarce?
Because it is important
Is time a scarce resource?
yes
What is a scarce resource in Iran?
Rain
What An office building is which type of resource?
Human resource
What important resource is extremely scarce in North Africa and Southwest Asia?
Water is the most scarce resource in north Africa and southwest Asia.
What is a scarce resource in the region?
fossil fuels
Why is water considered a scarce resource?
Water is considered as a scarce resource as fresh water occupies only 3% of total water found on earth.
Why water considered a scarce resource?
Water is considered as a scarce resource as fresh water occupies only 3% of total water found on earth.
Is glue a capital resource?
No, glue is not a capital resource.
When a needed resource in an ecosystem becomes scarce it is called?
A limiting factor
Is oil scarce?
This is because oil is a nonrenewable resource.
Water is a resource in Southwest Asia?
it is very scarce
