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3 years ago

What is a limited resource?

History

2 answers:

satela [25.4K]3 years ago

4 0

Answer:

Explanation:

Limited resources can be depleted at any time and may be scarce for a long time

Yuliya22 [10]3 years ago

3 0

A limited resource is: A. A limited resource is a factor of production required to produce a product or provide a service that is scarce and can be depleted.

A limited resource can be defined as the resources such as land, labor, capital, time and entrepreneurship which are typically required for the production goods and services are finite and scarce in nature. Thus, these resources can be depleted (exhausted) if not properly allocated and utilized by manufacturers.

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

There are four (4) main factors of production and these are;

I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.

II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.

IV. Entrepreneurship: it is the intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).

Basically, all of the aforementioned resources are combined by manufacturers for the production of goods and services to meet the demand, needs, wants or requirements of consumers.

In conclusion, a limited resource refers to the factor of production ( land, labor, capital, and entrepreneurship) that mainly required to produce a product or provide a service, but it is scarce in nature and can be depleted.

Find more information: brainly.com/question/988852

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Why is New York called the "Big Apple"? What was the reason to call it that way?

miskamm [114]

Explanation:

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Origin of the "Big Apple" Nickname

Various myths existed regarding the origin of the name, including a reference to the people who sold apples on the streets to earn a living during the Great Depression. However, other accounts claim the name originated from a woman named Eve who ran a brothel was referred to by her girls as "Big Apples." However, the name is believed to have originated from a precept used by newspaper sports columnist John J. Fitz Gerald in the New York Morning Telegraph. On February 18, 1924, Fitz Gerald officially nabbed the colloquialism in his articles under the heading “The Big Apple.”

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The moniker soon languished from use until the 1970s, when it was revived as part of a campaign in hope of reviving New York’s tourist economy. During that time, the city was in economic distress, coupled with intensified street crime that tarnished the city’s image. In the hopes of restoring the city to its former glory, Charles Gillett, president of the New York Convention and Visitors Bureau, promoted the city as the "Big Apple," and used there image of the apple on t-shirts, placards, and promotional materials. This time, the nickname stuck.

In 1997, the corner of West 54th Street and Broadway, where Fitz Gerald had lived between 1934 and 1963, was named "Big Apple Corner" in his honor. In 2016, President Donald Trump hosted a party to celebrate his victory and named it the 'Big Apple Ball' with decorations and cut-outs of New York landmarks in honor of his home city.

Today, the nickname is ubiquitous with New York City throughout the English-speaking world

Site:

https://www.worldatlas.com/articles/why-is-it-called-the-big-apple.html

(You may find some more interesting facts there. I have laid out only the important facts)

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Reika [66]

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