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koban [17]
3 years ago
8

Suppose that a country has the resources to produce 3 million cars & 100 million tons of iron ore every year. why is it a pr

oblem if the country produces 2 million cars and 75 million tons of iron ore one year?
Business
1 answer:
Nadusha1986 [10]3 years ago
6 0

If a country has the capacity to produce 3 million cars and 100 million tons of ion ore, but is only able to produce 2 million cars and 75 million tones of ire one, the country is underutilizing it's natural resources and productivity.


In business terms, the country has the capacity to produce over 1 million more cars and 25 million tones of more iron ore. The country is losing out on billions of dollars of revenue.

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