"The Relative Scarcity of Resources Makes the Operation of Any

question 22

Essay

"The relative scarcity of resources makes the operation of any economy a matter of choosing between alternatives".Explain.

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Definitions:

Visual Kinesic Communication

Non-verbal communication expressed through body movements, facial expressions, gestures, and posture.

Vocal Kinesic Communication

A form of communication that involves body movements and vocalics such as tone, pitch, and volume.

Upward Communication

The flow of information from lower levels of a hierarchy to upper levels, typically involving feedback or reports.

Horizontal Communication

The exchange of information or collaboration across the same level of hierarchy within an organization or group.