The impact of scarcity on economic decision making is that it can limit the choices of the consumer in the economy.
when products and resources become less available then there would be scarcity which will affect the decision of the consumer.
<h3>How does the scarcity of resources affect the decision making of the consumers?</h3>
Scarcity as a key concepts of economics can affect the choice of the consumer because it will limit their choices in making decision.
Therefore this will make them to make their choice out of the limited resources to meet their basic needs.
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A company could permit asset accounts to be understated when there are measurement errors, accounting errors, and improper implementation of accounting principles and policies.
A company could permit liability accounts to be overstated if liabilities are higher. This might be due to the over-accruing of expenses by the company.
Overstatement of income is more likely. Normally an organization does misstatements to improve profitability.
This is done by either expenses understatement or revenue overstatement.
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Answer:
Norwegian Antarctic Expedition
Explanation:
Roald Amundsen's expedition won the race to the Pole on December 14, 1911. He became the first man that led a successful expedition to the South Pole.
The Norwegian Antarctic Expedition was led by him.
Robert Scott was his rival on this expedition with the same goal. But Amundsen arrived at the South Pole first in 1911.
The given question is incomplete. The correct question should be "Find the difference between primitive subsistence farming and intensive subsistence farming". The answer is given below
Primitive Subsistence Farming
- It is one of the earliest farming methods to be used because it utilises primitive tools and is carried out on a small-scale.
- Primitive subsistence farming is sufficient to feed the farmer and their family. It cannot fulfill all family needs.
- Maize, yam, potatoes and cassava are the crops grown in this type of farming
- This kind of farming is prominent in the thickly populated areas of the monsoon regions of the south, southeast and east Asia.
Intensive Subsistence Farming
- In this type of farming, the farmer cultivates a small plot of land using simple tools and intensive labour.
- This type of farming is used to sell the crops and gain more profit.
- Rice,Wheat, maize, pulses and oilseeds are the crops grown in this kind of farming
- This type of farming is very prominent in the thickly forested areas of Amazon basin, tropical Africa, parts of Southeast Asia and Northeast India.
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