Using knowledge for applying energy to create materials

I want a good answer on the topic of Economic problems. Please give me your suggestion that using knowledge for applying energy to create materials more valuable is termed as: (i) Economic profit, (ii) Innovation, (iii) Servicing, (iv) production and (v) commodification.

Can anybody suggest me the proper explanation for above problem.

View Complete Question

Related Questions in Public Economics

Q : Explain about the positive technical

Positive technical statements: (w) need value judgments. (x) should be valid by definition. (y) can be proved and tested or disproved by fact and logic. (z) are the excellent guides in specifying economic policies.

Q : Illustrates a case of Scarcity and

Every decision involves opportunity costs due to the fundamental facts which underpin: (i) limits to human reason. (ii) production technology. (iii) limits to human wants. (iv) demand and supply analysis. (v) scarcity.

Q : Why every society confronts the problem

Each society confronts the problem of scarcity since: (i) human wants are virtually limitless relative to the resources obtainable. (ii) technology, resources and human potential are limitless. (iii) most people can't have enough money the goods they

Q : Where is Positive theory inaccurate Can

Can anybody suggest me the proper description for given problem regarding positive theory in Economics generally. Positive theory which is inaccurate: (w) can be disproved through logic and fact. (x) includes poor

Q : Maximization of complete value of

Maximization of the complete value of output from a fixed amount of resources gives in: (i) Opportunity cost. (ii) Economic efficiency. (iii) Potential profitability. (iv) Comparative benefit. (v) Scarcity. How can I solve my

Q : Explain about the Economic Scarcity

Economic scarcity: (w) will eventually be removed by technological progress. (x) is synonymous along with an economic shortage. (y) cannot exist within a market economy. (z) will exist as long as human needs exceed the goods we can produce using our r

Q : Define a common approach to economics A

A common approach to economics involves studying how: (i) charging interest on loans can be ethical. (ii) resources are allocated to satisfy human wants. (iii) individuals and government should balance their budgets. (iv) to determine the best bargain

Q : Explained economics capital generally

Where is generally economic capital referred: (1) Money and other financial assets. (2) Machinery, buildings and equipment. (3) Net investment minus depreciation. (4) Corporate bonds and stocks. Can anybody suggest

Q : Define economic assumption of

As per the economic assumption of rationality, there people: (w) always behave with ideal rationality. (x) never behave in erratic or random ways. (y) tend to make decisions consistent along with their goals. (z) foresee completely the effects of thei

Q : Invisible hand of Adam Smith “

“Invisible hand” of Adam Smith refers to the combined results of: (w) monopoly plus altruism. (x) democracy and freedom. (y) self-interest plus competition. (z) taxes and government regulation.

Discover Q & A

Leading Solution Library

Avail More Than 1414397 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1934875
Asked

3,689

Active Tutors

1414397

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment