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What else can I help you with?
What is the result of having limited resources in an economy?
People make economic choices about what to do with their resources.
What is the law of scarcity in economics?
Scarcity is the fundamental economic problem of having seemingly unlimited human needs and wants, in a world of limited resources. It states that society has insufficient productive resources to fulfill all human wants and needs. ...
What limits economic benefits of having natural resources?
The economic benefits of having natural resources can be limited by factors such as poor governance, which can lead to corruption and mismanagement. Additionally, reliance on resource extraction often results in a lack of diversification in the economy, making countries vulnerable to price fluctuations. Environmental degradation and social conflicts can also arise from resource exploitation, undermining long-term sustainability and economic growth. Finally, inadequate infrastructure and investment can hinder the effective utilization of these resources.
What results from having a nation having conflicting economic goals?
the need for economic safety nets
What is the importance of proportionate development?
proportionate development means having the balanced development in all the regions
What is the importance of power resources of a country?
Energy sources plays a very important role in the economic development of a country. A country having well developed sources of energy has a better chance of development rather than a country having less energy sources.
What is ecosustainability?
Eco-sustainability is about having sustainable economic development perpetuated by sustainable consumption of natural resources, or ecological sustainability.
What are the reasons why we need to have abundant energy resources?
Having abundant energy resources is important to ensure a stable and reliable energy supply for powering homes, industries, and transportation. It also helps promote economic development, create jobs, and support technological advancements. Additionally, abundant energy resources can reduce dependency on fossil fuels and contribute to reducing greenhouse gas emissions and combating climate change.
What is the result of having limited resources in an economy?
People make economic choices about what to do with their resources.
What is non economics resources?
having no economic importance or implication
Energy resources in the philippines?
Describe the development of various energy resources in the Philippines?
What is the law of scarcity in economics?
Scarcity is the fundamental economic problem of having seemingly unlimited human needs and wants, in a world of limited resources. It states that society has insufficient productive resources to fulfill all human wants and needs. ...
Relationship of population resources and environment to health and development?
There is a very large body of research that tries to explain the effects of income, development, and population on health. I can give you a few ideas. 1. When income and economic development is low, health expenditures are also low. This actually results in slower development, because when health is poor, then obviously economic development is going to be harder. 2. When income and health is poor, population growth also tends to be high. This is because it makes sense to have lots of children in order to support you in your old age. Again, this leads to slower economic development, because children require certain resources that take away from investing in capital and so forth. 3. However, as economic development proceeds, we see families investing more in health, having fewer children, and creating more sophisticated financial systems. This helps to speed up economic development.
What is the economic development plan of muscat called?
I believe it was the renaissance leap forward, although I am having difficulty confirming that answer. :(
Which two South American countries have sufficient energy resources to meet their needs?
These two South American countries have sufficient energy resources to meet their needs.
What is the relationship between peace and development?
In general, having less conflict lowers costs by reducing loss of economic inputs, allocation of output to conflict, and transactions costs/uncertainty associated with conflict. All of these factors would indicate higher economic resources would be available in the absence of conflict, and more wealth in society generally means more consumption, saving, and government spending - all of which improve development.
What are the disadvantages of having different energy resources?
Cost: Developing and maintaining multiple energy resources can be expensive. Environmental impact: Some energy resources may have negative effects on the environment, such as pollution or habitat destruction. Reliability: Different energy resources have varying levels of reliability, which can impact the stability of the energy supply. Infrastructure requirements: Each energy resource may require specific infrastructure, making it challenging to integrate multiple resources into the energy grid.
