True
True.
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it means to save resources.
Conserving of energy resources is the habitual protection of some resources from quick depletion and always finding a way to reduce leakages and wastage of the resources while they are in use. Switching off lights and idle electronics is a way of conserving electricity.
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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.
by conserving
conserving
The resources of an organization typically include human resources (employees and their skills), financial resources (capital and funding), physical resources (facilities, equipment, and technology), and informational resources (data and knowledge). These resources are essential for the organization to achieve its goals and objectives, as they facilitate operations, decision-making, and strategic planning. Effective management and allocation of these resources are crucial for maximizing efficiency and ensuring sustainable growth.
human resources
discovering new deposits of nonrenewable materials
resources
Allocating resources means distributing them effectively to achieve goals. It impacts efficiency by ensuring resources are used wisely, avoiding waste and maximizing productivity. Proper allocation can lead to smoother operations, cost savings, and better outcomes for a project or organization.