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In traditional markets, the value of a resource is determine by demand. If the product is highly demanded, then the value will be high.

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11y ago

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Related Questions

The value of a resource is determined by?

its use, supply and changes over time.


What is the value of a good or service is determined by?

Value is determined by the demand and the supply


How does a resource become reserve?

a resource become a reserve because of the change in its value and utilty


What does RBRVS stands for?

Resource-Based Relative Value Scale


What is value of polynomial?

The value of a polynomial is determined by that of the variable.


What is health care policy?

Health care policy encompasses almost everything in medicine that is not a physical science. It can range from individual practice and hospital management to government regulations to public health interventions. I like to think of it as the social science of medicine, based on areas of study such as economics, political science, management and demography.


What is determined or estimated amount of something?

It is a determined value or an estimate.


What is a developed Resource?

resources which are surveyed and their quality and quantity have been determined for utilisation


What is economic depletion of a resource?

The cost of further extraction will exceed the value of the resource.


What does the programming stage of human resource management consist of?

implementing the plans determined earlier


How is the value of walrus tusk ivory determined?

It is determined by the area and how much is available. The quality of the tusk and if it is in one piece can also determine the value.


What will not change when value of x is determined?

nothing

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