Answer:
This is a part of my Economic Resources doc and I'm not sure about the second part of the question but I hope it helps!
Explanation:
Economic Resources
For a firm (producer) to make any product, it needs to use ECONOMIC RESOURCES. These are INPUTS to be used together or combined efficiently to produce goods/services.
What you need to know:
What is a PRODUCER?
a person, franchise, brand or country etc. that makes, grows, or produces goods and services for sale to customers or consumers.
What is a RESOURCE?
a stock or supply of goods, materials, and products that can be bought by a person or organization in order to function effectively.
What is an ECONOMIC resource?
Natural supplies that can be used to make a product. It is important for the success of the company.
Classification of Economic Resources:
Natural resources (LAND)
Natural resources are ones who are not man made and are there naturally. This could be land, light, water, electricity, etc.
Human resources (LABOUR)
Capital resources (CAPITAL)
Entrepreneurship (ENTERPRISE)
Answer:
Recession cause standard monetary and fiscal effects.
Explanation:
Recession impact all kinds of business, large and small,due to tightening credit conditions, slower, demand, and general fear and uncertainty.
Answer:
The correct answer is C. firm to the environment.
Explanation:
Currently, when a company begins its usual operations and the one that it will play day by day throughout its existence, it cannot leave aside knowing the role of its company, the environment in which it develops its function as a company or its operation with the environment , and it is essential that the company meets the social responsibility to which it is obliged.
It should always be taken into consideration that the life of the human being is greatly influenced and affected by the environment that surrounds it, so that the proper development and even its survival, depends entirely on the relationship between the company and The environment around us. And as with a coin, which has two sides, exactly the same thing happens between business and environment relationships, since on the one hand our environment provides us with the energy and resources we need to take advantage of them in Our business operations.
While on the other hand, man is also exposed to the possible aggressions that occur in the environment, as in the case of floods, pests, diseases, inclement weather or deprivation of resources, between others. The problem with this is that in our current society, the more it produces the more resources are needed, and the more it consumes the more waste and garbage is generated.