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
pantera1 [17]
3 years ago
14

Which describes a method for allocating scarce resources?

History
2 answers:
Rina8888 [55]3 years ago
8 0

Answer:

Hi,

The methods for allocating scarce resources are; Equal shares, random selection ,lottery, first come and first serve, market system and contests among others.

Explanation:

A resource is any factor of production that can be used to produce goods and services.Resources are scarce to mean that they are not enough.A technique is supposed to be identified as a process of deciding which resource should be used to produce a good or a service.Studies in economics shade light to the society on how to allocate the scarce resources.For example in a market system, resources are allocated according to the interaction of free and self-directed forces of the market.

Best of Luck!

GarryVolchara [31]3 years ago
8 0

There are methods for allocating scarce resources which are <u>Setting Priority Scale of Needs and Be Wise in Utilizing Resources</u>

<u> </u>

Further explanation

Scarcity is if the means of satisfying needs is limited while human needs are not limited. Scarcity is a need where we do not have adequate resources to meet our needs.  Short scarcity occurs because the amount of demand is more than the number of goods and services available. Scarcity does not mean that it is difficult to obtain/find. Scarcity can also be interpreted as a tool used to meet needs that are not following the number of needs that need to be increased.  The problem of scarcity is always a problem of how someone fulfills more and more diverse needs with limited gratification.  In talking about scarcity, economics is important because the actual economy is how we can balance between unlimited needs and limited satisfying tools.  If the resources can be used to produce a means of satisfying the needs. In unlimited quantities, then the resource is not approved for scarcity.

Factors Causing Scarcity

  • Limited resources
  • Geographical differences
  • Increase in population
  • Limited production capabilities
  • Natural disasters

Learn More :

Scarcity; brainly.com/question/11191855, brainly.com/question/3727863

Details

Class: Junior High

Subject: History

Keyword: Scarcity

You might be interested in
Playwright Hwang states that much of the playwriting process is
ICE Princess25 [194]

The Playwright David Henry Hwang states that much of the play-writing process is staged reading, which enables the playwright to get a first-hand account and response of the audience before the final play is penned.

In most of his plays, Hwang used the opportunity to challenge the multiple misguided conceptions about ethnic identity and stereotypes, describing identity as fluid.

Thus, Hwang states that much of the play-writing process always involved staged reading while he listens in the background.

Learn more: brainly.com/question/20306987

7 0
3 years ago
This information would be most helpful for which task
Rasek [7]

Answer:Understanding the historical context of a 19th-century women’s rights poster

Explanation:

7 0
3 years ago
What surprised the British at Bunker Hill?
Veronika [31]
<span>
On the morning of June 17, 1775, British troops were surprised to see the Patriots  with control of Bunker Hill.</span>
5 0
4 years ago
What terms describe canada's climate?
tresset_1 [31]
Canada's climate is not really cold all year in winter, the temperature falls below freezing point, that's the time when it's really cold. And on the summer, the southern province often experience humid weather, and temperature that can surpass over 30 Celsius. It kind of depends on "where" in Canada you're referring to. 
4 0
3 years ago
The Lord often teaches us through _____ .
Rus_ich [418]
<span>The Lord often teaches us through _____ .


B : overcoming difficulties
</span>
5 0
3 years ago
Other questions:
  • Spartan males had to memorize the works of homer true or faults
    13·2 answers
  • In his summary of the majority opinion, how does Fortas say the district court responded?
    9·1 answer
  • A communication medium that brought the colonies closer together as it evolved was
    10·1 answer
  • Origin of spices and silks
    6·2 answers
  • What was a result of the battle of midway
    11·1 answer
  • A constuction project in the acinent eyticain city of mypenis collected more than enough starw and bricks from the sourrounding
    14·1 answer
  • Passed in 1992, the 27th Amendment prevents Congress from raising its pay during the same term. What is unusual about this amend
    6·2 answers
  • The date a source was created is considered part of its _______
    9·1 answer
  • I need help on 8 and 12 ​
    7·1 answer
  • Which numbered route shows the migration of the earliest Americans?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!