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OverviewWhat are economic main problems?Economic main problems many include how allocation of resources among competing wants, because human has unlimited wants, but resources are limited, e.g. land includes space, but location and natural resources are limited. So, land is needed to pay by rent, because human needs to live, but land resource is shortage to supply to build houses to live. So, it brings high or low rent for housing livers. Capital is the physical assets used in production, i.e. plant and equipment, labor is the skills, abilities, knowledge ( called human capital), and effort is used by people in production, labor is paid wages, entrepreneurial talent means risk taker, the economic agent who creates the business, entrepreneurial talent is paid profit. Due to above these economic resources are shortage, so different talent labor will be paid different high or low salary to help any businessmen to earn profit. Full Product DetailsAuthor: Johnny Ch LokPublisher: Independently Published Imprint: Independently Published Dimensions: Width: 20.30cm , Height: 0.40cm , Length: 25.40cm Weight: 0.168kg ISBN: 9781080458943ISBN 10: 1080458948 Pages: 76 Publication Date: 14 July 2019 Audience: General/trade , General Format: Paperback Publisher's Status: Active Availability: In stock  We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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