FIRST CONTACTS 28000 BCE 1821 CE
NATIVE AMERICANS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Theway people use resources to meet their needs
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The way people us the stuff other tribes give them
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the way people trade
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None of the above
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Detailed explanation-1: -Economizing resource use means using resources in such a way that the maximum output per unit of input is realized. It is also making the best use of resources in order to save money. It is important to use them effectively. So that it will fill all the requirements of the people.
Detailed explanation-2: -An economy is a system of inter-related production and consumption activities that ultimately determine the allocation of resources within a group. The production and consumption of goods and services as a whole fulfill the needs of those living and operating within it.
Detailed explanation-3: -Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. Behind this definition are two key ideas in economics: that goods are scarce and that society must use its resources efficiently.
Detailed explanation-4: -These are: adequate nutritional food, water and protective housing, a non-hazardous physical and work environment, appropriate healthcare, security in childhood, significant primary relationships, physical and economic security, safe birth control and child bearing, and basic education.