A basic principle of economics is to allocate
scarce resources in an efficient way, that is to say in a way in which those given scarce resources are able to produce the maximum benefit for the whole society (maximisation of allocative efficiency).
It also calls on big business to face up to its social responsibilities and not exploit
scarce resources in poor countries, and says that businesses should also take a more active role in reducing their carbon footprint.
77) Why should politicians devote
our scarce resources in a globally competitive world to a false and ill - defined problem, while ignoring the real problems the entire planet faces, such as: poverty, hunger, disease or terrorism.
He's a data driven guy who cares about using
scarce resources in the smartest possible way.»
In my opinion, the war has been a struggle over
scarce resources in a time of growing population, and we will see more of these conflicts in the future.
How can anyone justify unnecessary waste (needing to wear sweaters inside during the summer, stripping down to t - shirts inside in the winter, driving around or waiting for several minutes to get 1 parking lot row closer to a building door, throwing petroleum - based plastic and other
scarce resources in land - fills???)?
Their Research Strategy is designed to ensure a more coherent approach to the investment of
scarce resources in UK autism research
We also have to grasp that physics is the wrong model for finance, and ecology offers us a better model — actors pursuing
scarce resources in order to survive / thrive.
Partnerships are important to create a critical mass, synergies and stretch
scarce resources in a networked society.
The real questions in Arizona public education today involve how we will best utilize
scarce resources in order to provide a quality education for EVERY student; the most effective ways to replicate successful, innovative schools; and the fastest means to develop these schools in the neighborhoods where they are needed most.
Acting as consumers, producers, workers, savers, investors, and citizens, people respond to incentives in order to allocate
their scarce resources in ways that provide the highest possible returns to them.
Or is it a matter of
scarce resources in these communities?
Clinical triage officers deal with specific, limited and immediate problems of allocating
scarce resources in lifesaving and medical care programs.
If you're concerned about cost - effectively getting your company's message out to the right prospects, consumers and customers, you need to make sure that you're not spending
your scarce resources in passé places and on cluttered channels that are getting you nowhere.
«We discovered that, in order to motivate a desire to help others, a story must first sustain attention —
a scarce resource in the brain — by developing tension during the narrative.
«
The scarce resource in quantitative investing is talent,» said Matthew Granade, the leader of Point72 Ventures, which is seeded by Cohen and his employees.
There is one
scarce resource in these debates which is both measureable and important: time.
Since land is
the scarcest resource in the world and the most essential element in any effort to restore subsistence farming, the combination of political and environmental issues attending certain types of development raises serious ethical questions.
Water is the most
scarce resource in the whole of South - Asia.
QUENCHING SOCIETY»S THIRST Freshwater is becoming
a scarce resource in much of the world, including Yemen, where residents get water from a public tap.
Redmond: Time is probably the single
scarcest resource in schools.
WRI: Water is
a scarce resource in India, especially in the state of Maharashtra, where most rainfall is limited to the monsoon season from June through September.
High elevation land (2500 feet and higher) is
a scarce resource in the Northeast and is limited to approximately 3 % of Vermont's total land area.
The EU has told the UK we have to decrease, drastically our reliance on fossil fuels, they have also interfered with our policies on water supplies, by claiming it will be
a scarce resource in our rapidly warming future.
The ability to marshal
a scarce resource in more valuable ways was a major deciding factor.
Fresh water is becoming
a scarce resource in the United States and across the globe as demand continues to rise due to population and business growth.
Not exact matches
In such a situation,
resource rents are dissipated to whatever factor of production is
scarce.
The Great Stagnation:
In «Why the global economy may be doomed to lower growth — maybe forever,» Simone Foxman gives four reasons why economic growth may be much slower in the future: scarce resources, an aging labour force, stagnant technology growth and externalities from climate chang
In «Why the global economy may be doomed to lower growth — maybe forever,» Simone Foxman gives four reasons why economic growth may be much slower
in the future: scarce resources, an aging labour force, stagnant technology growth and externalities from climate chang
in the future:
scarce resources, an aging labour force, stagnant technology growth and externalities from climate change.
In many cases the costs of use and adoption have a lot more to do with the calculated allocation of
scarce personal time and precious
resources rather than with just dollars and cents.
Every buck makes a big difference, and nothing is taken lightly because
in the world of
scarce resources you're always stealing from some Peter or Penny to pay Paul.
I say all the time that time is our
scarcest resource, that attention is the new currency, and that increasingly we will only make space for what we're interested
in, but not everyone's
in a hurry every day.
«Support from co-workers probably dips
in midlife as peers compete for
scarce resources (promotion bottlenecks are often encountered during this career stage).
We're all
in a hurry these days and time is the
scarcest resource of all.
«And if you make a journey
in the most efficient way, using the
scarce resources of an urban population, we should be making that journey using less energy and be more efficient.»
Start with production: there certainly was a point
in human history when economic power was derived through the control of
resources and the production of
scarce goods:
Most money
in search of mere scarcity is not going into trophies of the nouveau riches, but into the world's most abundant yet also most universal
scarce resource: land.
In a market economy, the most reliable source of long - term gains is to provide scarce and useful resources to others when those resources are most in deman
In a market economy, the most reliable source of long - term gains is to provide
scarce and useful
resources to others when those
resources are most
in deman
in demand.
In spite of how much communities desire entrepreneurship, first - time entrepreneurs often find themselves in a desert of scarce resource
In spite of how much communities desire entrepreneurship, first - time entrepreneurs often find themselves
in a desert of scarce resource
in a desert of
scarce resources.
Zimbabwe has even banned the import of fruits and fresh vegetables, saying this is wasting
scarce foreign currency
resources although local producers warn that this may lead to shortages of apples and pears among other fruits that are
in short supply locally
Business leaders with a mandate to create growth strategies, drive innovation, and allocate
scarce resources across markets have told us they would value an objective perspective on future shifts
in consumer demand around the world.
«A singular emphasis on grain has the unintended but inevitable consequence of exacerbating rail service issues for other commodity sectors, skewing the railways» allocation of
scarce capacity
resources towards the movement of grain,» the coalition said
in a Mar. 9 letter to Garneau.
As he made clear
in a Fortune story three years ago («The Rainwater Prophecy») he believes that the world is facing a future shaped by
scarce natural
resources.
The experience of many nations has demonstrated that relying on domestic currency creation to finance government expenditures results
in excessive inflation, erodes the value of a country's currency and often leads to a misallocation of
scarce resources.
A boost
in production can not happen without a substantial increase
in water supply, and since Iraq has
scarce freshwater
resources, processed seawater is the only option.
Our organization believes that the market system is the only system that works effectively
in the allocation of
scarce economic
resources for efficient and stable economic growth and job creation.
Reflecting gold's historical repute as a
scarce and valued < br / >
resource, Bitcoin has become known
in many investment circles as «digital < br / > gold.»
In the current economic climate, it can be difficult to justify certain expenses, such as charitable donations, when
resources seem to be increasingly
scarce.
Investments chosen because they create the illusion of profitability while insiders cash
in their stock options are a waste of
scarce resources.
It might well be queried why these schemes continue to be promoted
in pharmacies and schools.They are not cheap to run and,
in an environment where
resources are particularly
scarce, there seem to be only two explanations: either policy makers are simply ignorant of the evidence or there is an ideological agenda at work.
Economists also saw that if a particular type of
resource grew
scarce, the same need could be met
in another way.