the allocation of scarce resources among competing ends. To some extent‚ virtually everything is scarce - money‚ food‚ water‚ dates for the prom... but some resources are scarcer than others‚ and deserve special attention from those with the tools to allocate them properly. Basically scarce resources can be defined as the limit a society has on a particular resource that is less obtainable than others which are readily attainable. Some examples of some scarce resources that are found commonly in
Premium Economic system Resource allocation Earth
WATER RESOURCES Water is an essential element to our everyday existence. Its role is vital in the sustenance of all life forms‚ as well as in agricultural‚ industrial‚ households‚ recreational and environmental activities. As population continues to rise‚ so does the demand for fresh water too. Water is a major factor shaping the natural environment. It has a long-term influence on the vegetation‚ fauna‚ and shape of the landscape and on various ecosystems. 1‚830 SQ KILOMETERS OF PHILIPPINE
Premium Philippines Water Luzon
Natural Resources and Energy Paper SCI/256 March 30‚ 2013 Professor Natural Resources and Energy Paper Tropical rainforests like so many other natural places are a scarce resource in the 21st century. They are unique and unlike any other ecosystem. They are in fact crucial to the global ecosystem and vital to human existence. Beyond compare as it relates to their biological diversity‚ tropical rainforests are a natural reservoir of genetic diversity which offers a rich source of medicinal
Premium Nuclear power Forest Renewable energy
Population‚ A Human Resource A huge population can prove to be a nation’s biggest asset. For the all-round progress of a large nation‚ it is essential that all its people contribute significantly to diverse areas and sectors of the economy—like agriculture‚ service industry‚ construction and other industries‚ to name a few. The talented and hardworking people of a nation can emerge as a highly competitive human resource. A country marches ahead largely on the strength of its talented‚ educated
Premium United Nations Population Resource
Conservation of physical resources in the Caribbean Firstly the term Physical Resource needs to be defined. According to the book Modules in Social Studies‚ physical resources are those gifts of nature such as land‚ water‚ minerals‚ forestry‚ sunlight and wind. Human beings‚ utilize these physical resources to manufacture a variety of products. Physical Resources are classified into two categories-renewable and non-renewable. A renewable resource is one which can be reinforced‚ resupplied‚ replaced
Premium Petroleum Natural gas Resource
Natural resources are useful materials or substances that exist in the environment like land‚ water‚ sun‚ trees‚ oil‚ minerals‚ etc. Natural resources are generally classified as renewable resources and non-renewable resources. Resource depletion means exhaustion of natural resources in a certain region. When the rate of consumption of these resources exceeds the rate at which they are restored‚ depletion of resources occurs. The utilization of natural resources has increased considerably due to
Premium Rainwater harvesting Renewable resource Natural resource
INTERNATIONAL BUSINESS SCHOOL UNIVERSITI TEKNOLOGI MALAYSIA CITY CAMPUS‚ KUALA LUMPUR HUMAN RESOURCE MANAGEMENT GROUP ASSIGNMENT Case 3: The Art of Motivation NUCOR LECTURER: ASSOC. PROFESSOR DR ROSMINI OMAR |CHAN LI WUEN |MR 091104 | |rashidah yusof khan
Premium Natural gas Steel Coal
Courses of Action 18 5. Plan for Implementation 18 1. Identification of a Significant Strategic Issue (Nucor distinguishes itself from the rest of the steel industry with its use of scrap steel‚ a fact that makes Nucor the largest recycler in the nation.[25] Furthermore‚ the company uses modern steel making techniques allowing Nucor to employ fewer workers. The workers that Nucor does employ are all independent of unions; these workers have a vested interested in the productivity of the company
Premium Steel Pig iron Steelmaking
ENERGY RESOURCE PLAN Conserving energy is important to our society because it can extend the life time of non-renewable resources. Examples of these are oils‚ coal ‚ and gas. It also minimizes the use of larger more dangerous and environmentally damaging sources ‚such as deep sea oil and tar deposits. Currently the world produces 20 million barrels of oil each year. One-third of that is used by the United Sates. Concidering that only %35 of an oil well can be recoverd one-third is a lot to consume
Premium Renewable resource Natural resource Habitat conservation
I. Porter’s Five Forces Analysis of the Steel Industry & Firm Level capabilities analysis 1. Competition from substitutes Increasing substitutes in the form of plastics‚ aluminum and advanced composites. 2. Threat of Entry High barriers to entry in the integrated mill segment. However‚ with the mini-mills‚ the barriers are being lowered due to lower costs (a tenth of those in the integrated mills per ton of steel produced). 3. Competition from rivals Highly competitive since products are
Premium Barriers to entry Capitalism Steel