Nomads Utilize Multiple Resources So That Some Will Support Them

question 57

Short Answer

Nomads utilize multiple resources so that some will support them if others fail. This strategy is called _______________.

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Definitions:

World Price

The international market price of a good or service, influenced by global supply and demand conditions.

Domestic Supply

The total amount of goods and services provided by a country's own economy without importing from other countries.

Imported

Describes goods or services brought into one country from another for sale, usually regulated by import quotas and tariffs.

Economies Of Scale

The cost advantages that enterprises obtain due to their scale of operation, leading to a reduced cost per unit of output.