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What is resources mean?
Resource economics is a subdivision of economics dealing with the scarcity of the Earth's natural resources, particularly how it relates to humans' uses of those resources. Resource economics deals not only with use, but also sustainability of those resources. Thus, this field of economics is particularly interested in those fields which take resources from the Earth, whether renewable or non-renewable.
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.
What is economics according to Marshall?
economics is the how to choose the resources using talent people their talent and resources
What is the study of how society manages its scarce resources?
Economics
Economics is about the allocation of resources for the production and distribution of goods?
Economics is about the allocation of resources for the production and distribution of goods and ___________.
The study of economics is necessary in a situation of abundance resources?
is the study of economics necessary in a situation of abundant
What Economics is about allocating resources to produce and distribute?
Economics is about the allocation of resources for the production and distribution of goods and _services_
How does the study of economics depend upon the phenomenon of scarcity?
Economics is the study of how society manages its scarce resources therefore, the study of economics is only important because of the scarcity of resources. Higenyi
How can you use economics in a real life situation?
Economics is all about real life situations. All resources are limited and economics is simply about making decisions to use those resources efficiently.
What are the three types of resources of economics and why?
what are the 3 types of economic resources
What best explains why resources needs to be allocated in the game of economics?
Resources are not
What is the fundamentals of economics?
The scarcity of productive resources relative to economic wants (limited resources verses unlimited wants) is the fundamental problem of Economics.
