Business managers need to decide upon the appropriate price being used by the company to successfully market its products.
Posts tagged as “scarcity”
This article introduces the concept of Production Possibility Frontier (PPF) as well as shows the Production Possibility Frontier (PPF) diagrams.
Air pollution is one of the most serious problems in the world because it affects quality of life of hundreds of millions of people.
There are not enough of these factors of production in the world. This creates scarcity - not enough goods and services to meet needs and wants of population.
What is meant by business activity? Business activity is the process of producing goods and providing services to satisfy consumer demand.