1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
seraphim [82]
3 years ago
6

Tell me all the important stuff i need to know about scarcity in terms of Economics?

Business
2 answers:
zmey [24]3 years ago
6 0

Answer:

Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible

Explanation:

Hope this helps! Have a good day!

Nadusha1986 [10]3 years ago
4 0

Answer:

Scarcity refers to the basic economic problem, the gap between limited – that is, scarce resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.

Explanation:

You might be interested in
Most real-world choices aren't about getting all of one thing or another, instead, most choices involve _________________, which
34kurt

Answer:

marginal analysis

Explanation:

it is believed that the rational man makes marginal analysis.

for example, a rational man would continue consumption up to the point that the marginal utility of the last bottle consumed equal marginal price.

If marginal utility falls below price, consumption should stop.

If marginal utility is above price, consumption should continue

4 0
3 years ago
When conducting a SWOT analysis, information about turnover, profit margins, and staff quality can be used to identify:
Alex17521 [72]

When conducting a SWOT analysis, information about turnover, profit margins, and staff quality can be used to identify company strengths and weaknesses. By conducting a SWOT analysis, a company is able to find out valuable information about how their company is conducting business, future plans, and how they compare to others within the same market. Identifying your strengths and weaknesses is important in achieving success. When you know your strengths, it allows you to set your company apart from others and when you know your weaknesses, you can work on improving them.

4 0
3 years ago
A banker's acceptance A. is a draft drawn on a bank and paid by that bank when presented to it. B. may be accepted by the bank f
bulgar [2K]

Answer: Option (D) is correct.

Explanation:

A banker's acceptance is an instrument that represents the promised payment by the bank in the future. This payment is accepted as a time draft by the bank and is to be drawn on a particular deposit. This draft is having all the information that is related to the future payment amount, date of the payment and the party to which the payment to be made. This acceptance can also be traded until the date of maturity.

3 0
2 years ago
With regard to the factors of production, "land" refers to which of these?
Orlov [11]
A) because that is they only one that actually makes sense
6 0
2 years ago
Rearrange the letters
Illusion [34]

Answer:

Jesus loves you have a blessed day!

Explanation:

6 0
2 years ago
Other questions:
  • Digitec Company has recently decided to design and manufacture a laptop that retails for under $50, in an effort to make IT avai
    7·1 answer
  • Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 20,000 shares authorized, 9,00
    11·1 answer
  • in g Management of a local catering company would like the Food Division to transfer 10,000 containers of its final product to t
    5·1 answer
  • MBO provides individual employees with ________. predefined targets generalized feedback clear-cut growth paths personal perform
    5·2 answers
  • When experiences are insufficient and the risk of making a wrong decision i high, a consumer is more likely to use _____________
    13·2 answers
  • The Gasson Company uses the weighted-average method in its process costing system. The company's ending work in process inventor
    15·1 answer
  • Premier Co. produces park equipment and is currently producing 10,000 park benches annually. A supplier has offered to produce t
    5·1 answer
  • The Capitalist Mutual Fund's portfolio is valued at $77.7 million. The fund has liabilities of $5.5 million, and the investment
    15·1 answer
  • Macro Marketing, Inc., and National Food Corporation (NFC) discuss the terms of a contract. Macro then faxes NFC a memo on Macro
    14·1 answer
  • An individual leaves a collegeâ faculty, where she was earning â$80,000 aâ year, to begin a new venture. She invests her savings
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!