Answer:
A shortage can be temporary or long-term, but scarcity always exists.
Explanation:
Scarcity is a basic concept in economics which explains that human wants are unlimited and thus termed insatiable as the resources required to meet those needs are in limited supply.
As such scarcity as a concept has always been in existence and will always b. Shortage on the other hand is a limited supply of an item which may be in the short term or in the long run. While a shortage may be dealt with in time, scarcity will always be in existence.
Answer:
<em>C. rotate outward around the point where only capital is employed in production.</em>
Explanation:
Answer:
They dont earn no more than $28,000 a year
i think that is is a. the interest income will double but i’m not sure .
Janice represents the factor of production known as entrepreneurship
What is factor of production?
Factors of production refers to resources human or materials required for the production process to be successful.
In other words, the factors of production are land, labor, capital and entrepreneurship.
In this case, land implies the space leased and the store
The labor are the five friends that Janice hired to help create the original designs of the clothing ,whereas, the capital are the funds used in acquiring assets and paying for importation of materials.
Without mincing words, the fact that Janice organizes and arranges other factors of productions means that Janice is an entrepreneurship.
Find out more about factors of production on:brainly.com/question/16755022
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