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
kow [346]
3 years ago
9

Describe the types of economic resources​

Business
1 answer:
vivado [14]3 years ago
5 0

Answer:

There are generally three important types of economic resources: Natural Resources, Human Resources and Capital Resources, that contribute to the economy of the nation.

Explanation:

Economy of any nation is dependant on the resources that the nation exhibits. There are generally three important types of economic resources namely; Natural Resources, Human Resources and Capital Resources.

  • Natural Resources: These are naturally created resources that are available in any nation and also contributes to the economy of that particular nation. These resources cannot be created by man and are mostly available because of the geographic factors. Examples of these resources are Agriculture, Water resources, etc.
  • Human Resources: These are manpower that are available to contribute in the growth and development of economy of the nation. Human resources are considered an important asset of any nation. Without the availability of sufficient human resources, the other resources are useless.
  • Capital resources: These are the financial resources available with any nation that contributes in the development and growth of that particular economy.  When wealth and money are used to create more wealth and money, these resources comes under the capital resources of the nation.
You might be interested in
In order to sell more goods​ and/or services, what must a monopoly​ do?
Readme [11.4K]
<span>In order to sell more goods​ and/or services, what must a monopoly​ do? Reduce price and increase output. A monopoly is when a company or a product has control in the industry. The supply or trade of this item or service is limited. For a monopoly to sell even more, they should reduce the price and increase their output because they have no competitors. 

</span>
7 0
3 years ago
You are offered a chance to buy an asset for $200,500 that is expected to produce cash flows of $100,000 at the end of Year 1, $
Lapatulllka [165]

Answer:

What rate of return (IRR) would you earn if you bought this asset?

8,48%

Explanation:

To find the IRR it's necessary to know which is the discount rate that applied to the cash flow of the assets gives a value that compensate the investment of $200,500.

Year 1   $100.000  / (1+0,0848)^1    =  $92.182    

Year 2   $100.000  / (1+0,0848)^2  =  $35.690  

Year 3   $100.000  / (1+0,0848)^3  =   $41.398  

Year 4   $100.000  / (1+0,0848)^4  =   $31.230  

Total Present Value of Cash  Flow=

$92.182  + $35.690 + $41.398 + $31.230 =  $200,500

There is no way to find the IRR without Excel, the only way is to try with different rates in the current cash flow formula.

3 0
3 years ago
Tsao Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the yea
Kisachek [45]

Answer:

 a) production units = 450,000

b) Amount of raw materials = 1,010,000.

Explanation:

The production budget is computed as follows;

Production budget = Sales budget + closing inventory - opening inventory

Production budget= 480,000 + 50,000 - 80,000

                              = 450,000 units

<em>The raw material purchase budget is the amount of material to be purchased to accommodate production need and inventory of materials to be kept.</em>

Purchase budget = usage budget + closing inventory - opening inventoy

Purchase budget = (2× 500,000) + 45,000 - 35,000

                       =  1,010,000.

4 0
4 years ago
What is a credit union?
KIM [24]
D.) A cooperative lending institution for a particular group.


Typically, you must be a member to participate in a credit union.
4 0
3 years ago
Read 2 more answers
You have a team that has high cultural diversity and high interdependence, increasing the risk of disagreements in the team. Kno
Dominik [7]

Answer:

A. Conflict resolution abilities

Explanation:

Conflict resolution ability is the capacity of a person or group of persons to effectively handle and manage the conflicts of interest or disagreement between two or more persons or two or more groups.

There are several skills used by people who have conflict resolution abilities such as COMMUNICATION, COMPROMISE, COLLABORATION, ACCOMMODATION ETC.

4 0
3 years ago
Read 2 more answers
Other questions:
  • In a single period order quantity model, if the shortage cost is four times the overage cost, then, (A) what is the optimal serv
    5·1 answer
  • _____ is information about data—its content, quality, condition, origin, and other characteristics.
    10·1 answer
  • A 4-year project has an annual operating cash flow of $54,000. At the beginning of the project, $4,500 in net working capital wa
    5·1 answer
  • Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for which the (i) supply is more ela
    8·1 answer
  • The following costs result from the production and sale of 4,450 drum sets manufactured by Tight Drums Company for the year ende
    15·1 answer
  • Billy owes a liquidated debt of $3000 to Rayna, his personal weight trainer. Billy sends Rayna a check for $300 on which he has
    9·1 answer
  • Companies HD and LD are both profitable, and they have the same total assets (TA), Sales (S), return on assets (ROA), and profit
    13·2 answers
  • Define agency costs, and describe agency costs of financial distress and agency benefits of leverage
    5·1 answer
  • Sharp Company manufactures a product for which the following standards have been set: Standard Quantity or Hours Standard Price
    13·1 answer
  • The Whistling Straits Corporation needs to raise $70 million to finance its expansion into new markets. The company will sell ne
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!