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harkovskaia [24]
1 year ago
11

Scarcity of a key resource or input into the production process

Business
1 answer:
vladimir2022 [97]1 year ago
5 0

Scarcity reduces the producer's ability to manufacture a limitless number of goods, thus limiting output.

<h3>What is the production process?</h3>

Producers may have to make the difficult decision of which product to prioritize for manufacture out of a variety of items using limited resources.

Overall, a lack of resources or manufacturing inputs results in a smaller number of goods or services available on the market, which has an impact on customers by forcing them to make difficult purchasing decisions.

Therefore, when something is scarce, more people want it than can be supplied.

Learn more about, scarcity, here:

brainly.com/question/28154985

#SPJ1

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You are the marketing research director of a medium-sized manufacturing firm and you would like to engage an outside marketing r
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3 years ago
Classify technical education with example?​
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Answer:

A kind of education which equips with skills that involve the use of practical approaches and other physical instruments in executing projects. Technical education is learning something about a specific work scientifically in detail and practical.

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3 years ago
If a family spends its entire budget in a given time frame, the family can afford either 14 outings or 24 household items. Assum
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well this is what ik,so hope it helps ig

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