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Rom4ik [11]
3 years ago
13

All goods and services are scarce because

Business
2 answers:
zhenek [66]3 years ago
8 0

Goods and services are scare because the resources required to produce these goods and services are limited in supply and that is why we can't fulfill all the wants of the people, which results in Scarcity to arise. In economics the basic economic problem arises because resources are limited and wants are unlimited and therefore everyone cannot have what they need and that is why we have a connection with opportunity cost. We need to sacrifice or forego the items we can't have and therefore with the economic problem of scarcity, opportunity cost arises. If we can satisfy everyone's wants, then there is no question about having scarce resources.

tino4ka555 [31]3 years ago
3 0
All goods and services are scarce because resources are limited. People needs to balance everything. They should weigh needs and wants.
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Answer:

D) None of the above is included in Japanese GDP.

Explanation:

A country's GDP includes the value of all the finished and legal goods and services produced in an economy during one year.

GDP = consumption + investment + government spending + net exports

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3 years ago
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3 years ago
Why would firms that rely heavily on credit sales find factoring attractive?
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181,500 units

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