Sand and Gravel
Im in science and learning about this! I know it is sand & gravel iP have fun
labor, capital, and natural 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.
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.)
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.
Mr. Economic Value Who else?
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.
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.
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.
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.)
Prices paid for the use of economic resources are typically referred to as "factor prices." These prices include wages for labor, rent for land, interest for capital, and profits for entrepreneurship. They reflect the value of resources in the production process and are determined by supply and demand dynamics in the market. Ultimately, these prices influence how resources are allocated in the economy and impact overall production and consumption.
Negligible mineral resources are those that have little to no economic value due to factors such as low abundance, poor quality, or high extraction costs. These resources are typically not worth extracting or exploiting compared to other more valuable mineral resources.