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Which offshore resources are second only to petroleum in economic value?
Im in science and learning about this! I know it is sand & gravel iP have fun
Which factors of production are used by a landscaping service to provide economic value?
labor, capital, and natural resources
What are the five characteristics of economic resources?
a.They are scarce i.e their supply is limited. b.They have mortality value. c.They are evenly distributed. d.They have alternative resources.
What are values of your resources?
The values of resources typically refer to their worth or utility in meeting needs and achieving goals. This can include economic value, such as financial worth, as well as social and environmental value, which considers the impact on communities and ecosystems. Additionally, resources can hold intrinsic value, reflecting cultural or personal significance. Ultimately, the value of resources is context-dependent and varies based on individual perspectives and circumstances.
What is economic resources?
Economic resources are the assets (things of value) which an economy (or business) may have available to supply and produce goods and services to meet the ever-changing needs and wants of individuals (in the case of a business) and society (in the case of society as a whole.)
What Economically valuable material such as diamonds tin and platinum are associated with which ocean floor resource?
Diamonds, tin, and platinum are associated with polymetallic nodules and mineral deposits found on the ocean floor. These resources can be rich in precious metals and rare elements, often located in specific areas like the deep-sea bed of the Pacific Ocean. The extraction of such materials raises environmental concerns due to the potential impact on marine ecosystems. Additionally, the economic value of these resources has led to increased interest in seabed mining activities.
How does cultural anthropology definition of economic system?
Cultural anthropology defines an economic system as the structures and processes that societies use to manage their resources and distribute goods and services. It examines how different cultures value, produce, and exchange these resources, considering factors like social organization, technology, and beliefs about wealth and value.
Why is Factors of Production an appropriate name for Economic Resources?
The term "Factors of Production" aptly describes economic resources because it encompasses the essential inputs required for the production of goods and services. These factors include land, labor, capital, and entrepreneurship, each playing a crucial role in the economic process. By highlighting their fundamental roles in creating value and driving economic activity, the name emphasizes their importance in the production cycle. Thus, it effectively conveys the idea that these resources are foundational to economic growth and development.
Who create economic value?
Mr. Economic Value Who else?
What mineral resources are found in or beneath the ocean?
Mineral resources found in or beneath the ocean include manganese nodules, cobalt-rich crusts, polymetallic nodules, and hydrothermal vents that contain minerals like copper, zinc, gold, and silver. These resources are being explored for their potential commercial value.
What is direct economic?
A direct economic value refers to a value that is assigned to harvested or exploited products. One type of direct economic value is consumptive use value.
What are the characteristic of economic resource?
a.They are scarce i.e their supply is limited. b.They have mortality value. c.They are evenly distributed. d.They have alternative resources.
