HI5003: Business Analysis

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HI5003 Economics for Business Tri3 2014

TOPIC

• Scarce resources- which resource and in which country/industry are seen as scarce and what is being done in the industry or country. What substitutes have been used to overcome this problem !

1. INTRODUCTION:

(Dan Moynihan, 2000) Resource scarcity is the most contentious topic and it refers to the limited amount of goods and resources to meet the desired ends. There are only a finite number of resources like workers, natural resources and raw materials. But there are different …show more content…
The main objective of this study is to review how organizations and government respond to the scarcity of natural resources. In this research we discovered that how government is securing, uniting and framing the resource space while companies apply restraint delegation and reduction mechanism to cope up with the problem of scarce resources. The irrigation of water shifted from lower value production to high value production for utilization of water. These overall reforms also empower us to abstain obstacles due to rapid development pressure.

References:
Bailey, M. (2014, 07 03). Canberra’s Nexus eWater raises $1.2 million for greywater recycling invention. Retrieved 04 27, 2015, from Business review weekly: http://www.brw.com.au/p/entrepreneurs/canberra_nexus_ewater_raises_million_w7RsnDqUY5fYNH9cryj0bK Dan Moynihan, B. T. (2000). The Economic Problem. ECONOMICS, A Complete Course .
Statistics, A. B. (2008, 11 01). Australia's Environment: Issues and Trends, 2007. Retrieved 04 27, 2015, from Australian Bureau of

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