Too Many Parallel Activities for One Individual Is an Example

question 63

True/False

Too many parallel activities for one individual is an example of a resource constraint.

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Definitions:

James Mill

A Scottish historian, economist, political theorist, and philosopher, known for his empirical approach to human behavior and advocacy of utilitarianism.

Industrial Age

A period marked by the transition from agrarian societies to industrialized economies, characterized by the development of machinery, factories, and urbanization.

Luddites

Originally, a group of early 19th-century English workers who destroyed machinery, especially in cotton and woolen mills, that they believed threatened their jobs.

Mode of Production

An economic concept referring to the combination of the means of labor (tools, factories, land, etc.) and the method of labor (how work is organized and carried out) to produce goods and services.