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lorasvet [3.4K]
3 years ago
14

How do factors of natural resources influence the economic development of societies?

History
1 answer:
xxTIMURxx [149]3 years ago
4 0
If a nation has a lot of a resource, lets say oil, then they will prosper based on oil. People need oil, so they can sell it for high price and a lot of it since they own the land it's on. They start to get more money into their area, more pay towards them and they begin to thrive. This is varied on experience though based on the economical system that nation has decided upon. There's three major economical systems: traditional, command, and free enterprise. Traditional means that if your a family of fishermen, you'll be a fisherman. Command economy is more like communism, if you're good at something then you will be trained in that specifically. Free enterprise is capitalism, the best economical system.
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The first alternative is correct (A).

<u>The marginal cost is a microeconomic measure that aims to measure the effectiveness of the production of a given good by a company. </u>

The marginal cost content is simple. Marginal cost is cost if you produce ONE more unit of good. For example, if I have a firm that produces chocolate and my daily output is 10 bars of chocolate per day. The marginal cost is how much it costs to produce one unit more than I normally produce, that is, the cost of the 11th bar.

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