It's my hopes that ones of the main features for the monetary value is very scarce but then we have to keep up the hard work for us to aim higher and higher for sure.
Economic resources are very scarcely in supply, what do you understand by that statement?
- Thread starter Stardom22
- Start date
Anything that has a monetary value is always scarce. Just attach usefulness to it, and it would start being scarce to find.
- Joined
- Oct 1, 2023
- Messages
- 4,897
- Reaction score
- 478
- Trophy Points
- 29
- D Bucks
- 💵10.820025
- Referral Credit
- 0
In short, economic resources consist of human resources, natural resources and capital resources. In economics, scarcity refers to the lack of supply, for example the reduction of natural oil resources, shortage of skilled workers, etc., so scarcity is a serious problem and will have an impact on inhibiting the smooth running of a country's economic activities.
Nomad
Moderator (Earnings Enforcer)
Staff member
Earnings Enforcer
Gold Supporter
Literary Virtuoso
Registered Member
I am notr sure where you got that line but I believe economic resources are abundant in supply and all we need is skills and knowledge to use them
Whether economic resources are scarce or abundant depends on individual country. Normally, developed countries have more economic resources than developing countries.
i know that our needs are unlimited but the resources to fulfil them are limited. We just have to manage what we have
