June 28, 2008
The Production Possibility Frontier (PPF) or Production Possibility Curve (PPC) is the graphical expression of both the concepts of scarcity and opportunity cost. It shows the maximum amounts of production that can be obtained by an economy. (Assuming that the technological knowledge and quantity of input is fixed and the economy operates at its’ level [...]
June 28, 2008
Many see the concept of opportunity cost as one of the very few profound “eternal truths of economics,” which is a result of the universal nature of scarcity as the central economic problem.
Opportunity cost is a term used in economics, to mean the cost of something in terms of an opportunity forgone (and the benefits [...]
June 28, 2008
All the natural resources are not abundant. This term ‘Not abundant’ is called ‘scarcity’ in the terminology of economics that simply refers to limited supply of specific kind of natural resource. Scarcity or limited supply configures a natural resource as an economic resource. So more specifically, Scarcity means not having sufficient resources to produce enough [...]
June 28, 2008
Production involves bringing together certain inputs – called factors of production or resources- to create goods and services i.e., the output. Resources are the ingredients necessary for producing goods and services, just as you cannot bake a cake without ingredients of flour, eggs, sugar, and so on. It is these resources that are scare and, [...]
June 28, 2008
To human the prime issue, as a biological being, is to maintain own life like any other animal or bird. By meeting some basic needs (like fresh air to breath, water to drink, foods for nutrition) this target is obtained.
June 26, 2008
OntoreBangladesh is a information based web portal related to Bangladesh. Since 2002, OntoreBangladesh providing information related Bangladesh and the people of Bangladesh. MagicWorks Bangladesh is the official web developer company and Deshiserv Online is the official web hosting company of OntoreBangladesh. This web portal has several features like News, Business, Gallery, Cricket, Music, IT, [...]
June 26, 2008
Noakhaliweb is a noakhali based web portal. This web portal’s content generally related noakhali. The best thing is everything in Bangla. If you are noakhali vhokto. a must visit site.
http://www.noakhaliweb.com.bd/
June 26, 2008
managing-employee-benefits