scarce good

Definition

Popular Terms

Resource with limited availability but is high in demand. See also factors of production, economic goods.

immediate famil...

dislocated work...

business

globalization

marginal benefi...

revenue

product

You Also Might Like...

How to Handle External Forces in Order to Maintain ...

External and internal forces create conflict for employees within the workplace. With a struggling economy and ever increasing prices for gas, food, utilities, and other commodities, these external stresses place conflict on employees' home lives. ... Read more

Capitalism vs. Socialism

ADVERTISEMENT

Macroeconomic Factors and the Management ...

What Management Strategy Should I Use in an ...

When there is a recession, companies react in different ways. Some ignore it for as long as possible, hoping that it is a temporary phase that will go away soon. Firms that adopt a "business as usual" approach are the worst sufferers in case the ... Read more

Email Print Embed

Copy & paste this HTML in your website to link to this page

Browse Dictionary by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z