When the Value of a Resource Declines Over Time,this Is

question 162

Multiple Choice

When the value of a resource declines over time,this is known as

• A) depreciation.
• B) the steady state.
• C) diminishing returns.
• D) diminishing marginal product.
• E) net loss.

---

Definitions:

Key

Essential or of critical importance in a particular context.

Budget

An estimation of income and expenditure for a set period of time, often used to plan for financial resources in businesses or personal finance.

Areas Needed

Specific fields or expertise required to achieve certain goals or fulfill particular jobs.

Investment

The allocation of resources, typically money, with the expectation of generating an income or profit.