Answer:
5 Features of economic resources
Features of economic resources include:
Scarcity. They are found in small quantities compared to the many uses into which they have to be put and hence not sufficient to satisfy all human wants.
Monetary Value. ...
Uneven distribution. ...
Combinability. ...
Usefulness. ...
Transferability.
Explanation:
Private: Easily excluded and subtractive. Common pool: Difficult to excluded and subtractive. Toll: Easily excluded and jointly consumption. Public: Difficult to exclude and jointly consumed.
Answer:
<h2>Business environment.</h2>
Explanation:
Business environment refers to several factors as clients, suppliers, competition, owners, laws, market, even social trends are part of it.
So, they need to improve that relationship because suppliers are transcendental part of business.
According to the logic behind the Rational Rule for Sellers, a company owner should increase output when the extra output D. adds more to revenue than it adds to costs.
According to the Rational Rule for Sellers, a seller should only choose the output level where the marginal cost is equal to the marginal revenue.
It should be noted that the owner of a company should increase output when the extra output adds more to revenue than it adds to costs. This is vital in order to increase the revenue and profit of the firm.
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