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
slega [8]
3 years ago
13

Using examples of land, labor, and capital, explain why economist believe that all goods and services are scarce.

History
1 answer:
Elan Coil [88]3 years ago
4 0

Answer:

One of the main conditions of the economy is that the amount of available resources of labor, capital, land, which are used for the production of goods and services have limit borders. This means that the economy has a limited amount of resources for the production of goods and services.

Explanation:

All types of economic resources are limited both quantitatively and qualitatively. They are obviously not enough to satisfy the whole range of human needs. This is the principle of scarcity of resources.

Arable land and land for economic facilities, water, an air basin, minerals, flora and fauna - all this has finite limits of use, and in many respects refers to non-renewable natural resources.

The labor of people is limited by their quantity, ability and ability to work, labor return, and the amount of working time.

Capital, or investment resources, is represented by all manufactured means of production used in the production of goods and services and their delivery to the final consumer (buildings, structures, equipment, etc.). Means of production in the form of buildings, structures, machines, equipment, materials have clearly defined limits, due to the possibilities of their creation, the nature and effectiveness of the application, retirement as a result of wear and tear.

You might be interested in
Almost all criminal law is national law.<br> True<br> False
k0ka [10]
The answer to your problem must be False
8 0
3 years ago
Read 2 more answers
As a _____, Jesus Christ speaks to men for God; as a ______ He speaks to God for men.
satela [25.4K]
King, Prophet are your answers.
3 0
2 years ago
What changed following the end of feudalism/manorialism and how did that contribute to the Renaissance?
Yuri [45]

Explanation:

Feudalism was a social structure rooted in an exchange of land for military service. It was directed by the aristocracy, who were the landowners of the time. Land is the common element in both systems. Feudalism dictated how nobles gained it, while manorialism mapped out how that land was maintained by peasants.

5 0
2 years ago
Help me please thank you
ratelena [41]

Answer:

The answer would be, B.

Explanation:

6 0
3 years ago
In the late 1800's the United States government took a new approach
larisa86 [58]

Answer:

In 1887, after several years of debate and controversy, Congress passed the General Allotment Act, or “Dawes Act,” and President Cleveland signed it into law. The goal of the policy was to break down tribal relationships and hasten Native assimilation into mainstream society.

Explanation:

4 0
2 years ago
Read 2 more answers
Other questions:
  • An interest group that gives money collected from members to political candidates or parties is called a Lobbyists
    11·1 answer
  • Charlie has brain cancer. His kidneys are shutting down, and his metabolism has slowed. His breathing consists of loud rasps fol
    15·2 answers
  • What area of the world came under direct control of European powers in the late 19th century
    9·1 answer
  • Which of these put stress on public services offered in American cities during the late 19th century and early 20th century?
    5·1 answer
  • What percentage of Africa had. Been colonized by1870
    11·1 answer
  • The right petition members of the government is contained in the blank amendment to Constitution
    11·1 answer
  • Which of the following Supreme Court decisions forced the University of Texas to admit an African American student to its law sc
    11·1 answer
  • Some scholars have suggested that the media creates a culture of fear because it often
    15·1 answer
  • 22. How many governments in exile based themselves in London in World War II?
    15·2 answers
  • After the French were defeated in the Battle of Dien Bien Phu in 1954, who replaced the French
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!