Capital resources are goods produced and used to make other goods and services. Examples of capital resources are an office building, office copying machine, pots and pans and a wrench. Ask the students for other examples of capital resources. What are 2 examples of capital resources? Capital resources are goodsRead More →
Nonrenewable energy resources, like coal, nuclear, oil, and natural gas, are available in limited supplies. … Renewable resources are replenished naturally and over relatively short periods of time. The five major renewable energy resources are solar, wind, water (hydro), biomass, and geothermal. What are renewable and nonrenewable materials? A nonrenewableRead More →
The market only allocates resources efficiently id sufficient competition exists and this heavily relies on there being a large number of buyers and sellers in the market. Healthy competition forces business to continually seek better and cheaper ways to produce output and satisfy consumers. What is market price when allocatingRead More →
Houston-based ConocoPhillips (NYSE: COP) closed its massive $9.7 billion acquisition of Concho Resources on Jan. 15. ConocoPhillips reached the initial deal to buy the Midland, Texas-based exploration and production company in October. How much did ConocoPhillips buy Concho for? ConocoPhillips to buy Concho Resources for $9.7 billion in 2020’s topRead More →
Biotic resources are derived from living things. Based on the object possessing life or not, the objects are classified as biotic and abiotic. Biotic: These are living organisms that possess life and carry on metabolism accordingly. Human beings, flora and fauna, fisheries, and live stocks fall under this category. WhatRead More →
RENEWABLE RESOURCE – any natural resource that can replenish itself naturally over time or from human intervention. We can get more over time. Trees, plants, animals, water. Which of the following energy sources is not renewable on human time scale? Most non-renewable energy sources are fossil fuels: coal, petroleum, andRead More →
Hydropower is the most widely-used renewable power source, with the global hydroelectric installed capacity exceeding 1,295GW, accounting for more than 18% of the world’s total installed power generation capacity and more than 54% of the global renewable power generation capacity. What are 3 renewable and nonrenewable resources? Resource Types RenewableRead More →
Abiotic resources are resources that are non living. These resources fall under the larger category of natural resources, which occur naturally within the environment and aren’t created or produced by humans or act. … Examples of abiotic factors are air, water, sunlight, soil, and minerals. Is gold biotic or abiotic?Read More →