--%>

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.

   Related Questions in Public Economics

  • Q : Determine the positive technical

    Which of the given is a positive technical statement? (i) The Miss America contest is sexist and tasteless. (ii) The moon is made of green cheese. (iii) Microsoft’s record of innovation justifies Bill Gates’ incredible wealth. (iv) Capitalism improves peop

  • Q : Condition to being a free good Which of

    Which of the given probably comes closest to make a free good: (1) Unexpected warmth through the sun within Chicago in January. (2) A hot school lunch given for a needy student. (3) A microwave pizza bought along with food stamps. (4) Income earned th

  • Q : Opportunity costs in alternate activity

    Why is this probably precise to believe that you can believe of nothing better to do along with your time immediately than to study economics?

  • Q : Which principle is simplest workable

    The principle which the simplest workable theory is also the fine is termed as: (i) positive analytics. (ii) minimalism. (iii) Occam's razor. (iv) simple-mindedness. (v) hypothesis testing. I need a good answer on the topic of

  • Q : Unregulated market competition in

    Adam Smith’s well-known reference to an “invisible hand” implies that: (w) unregulated market competition improves economic welfare. (x) government must closely regulate monopolies. (y) pure competition is a divinely motivated market

  • Q : Define the root of normative economics

    Value judgments which address what “must be” are at the root of: (1) microeconomics. (2) scarcity economics. (3) normative economics. (4) positive economics. (5) macroeconomics. How can

  • Q : Problem on equivalent amounts of goods

    Can someone help me in finding out the right answer from the given options. According to the equivalent share criterion of distribution, individuals must: (i) Share income according to personal requirement. (ii) All produce equivalent shares of output. (iii) Each cons

  • Q : Achieving economic welfare For any

    For any given point on the production possibilities (or PPF) curve: (i) More economic welfare is achieved than from any points within the PPF. (ii) Moving to some other output combination should yield enhanced economic welfare. (iii) More of some good can be generated

  • Q : Explain TANSTAAFL TANSTAAFL is an

    TANSTAAFL is an acronym suggestive of that: (1) Tax agents never observe the awful influences from levies. (2) Tenants and needy must take all assets by landlords. (3) There ain't no all things like a free lunch. (4) Temperance and non satiety togethe

  • Q : Socialism of nonhuman resources The

    The system in which the government acts as the trustee for all members of society by owning most of the nonhuman resources is: (1) The market system. (2) Capitalism. (3) Decentralized (4). Socialism. Can someone please help me in f