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Table 15-5
2010 Labor Data for Tajnia
-Refer to Table 15-5. The labor-force participation rate of Tajnia in 2010 is about 40.8 percent.
Goods
Tangible products or commodities that are manufactured or produced for sale or exchange.
Resources
A broad term that encompasses all the materials, assets, and inputs used by individuals or organizations to produce goods and services.
Economics
The social science that studies how individuals, governments, firms, and nations make choices on allocating resources to satisfy their wants and needs, attempting to determine how these groups should organize and coordinate efforts to achieve maximum output.
Scarcity
The fundamental economic problem of having seemingly unlimited human wants in a world with limited resources.
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