Podcast
Questions and Answers
Which of the following best defines renewable resources?
Which of the following best defines renewable resources?
What distinguishes non-renewable resources from renewable resources?
What distinguishes non-renewable resources from renewable resources?
Which factor contributes to the depletion of non-renewable resources?
Which factor contributes to the depletion of non-renewable resources?
In the financial market, what are the two parties involved usually?
In the financial market, what are the two parties involved usually?
Signup and view all the answers
Where does the labor market operate?
Where does the labor market operate?
Signup and view all the answers
In which market do consumers pay money to businesses to acquire something?
In which market do consumers pay money to businesses to acquire something?
Signup and view all the answers
Which market includes stores, the Internet, and any other place where consumer goods and services are exchanged?
Which market includes stores, the Internet, and any other place where consumer goods and services are exchanged?
Signup and view all the answers
What is the primary function of the labor market?
What is the primary function of the labor market?
Signup and view all the answers
Which type of market focuses on the exchange of end products?
Which type of market focuses on the exchange of end products?
Signup and view all the answers
Where do daily laborers, domestic workers, skilled workers, professionals, etc. participate in the market?
Where do daily laborers, domestic workers, skilled workers, professionals, etc. participate in the market?
Signup and view all the answers
Which market operates where there is no direct physical contact between buyers and sellers?
Which market operates where there is no direct physical contact between buyers and sellers?
Signup and view all the answers
Study Notes
Renewable Resources
- Renewable resources are resources that can be replenished naturally over time, such as wind, water, and sunlight.
- These resources are distinguishable from non-renewable resources, which are finite and cannot be replenished.
Non-Renewable Resources
- Non-renewable resources are depleted due to human consumption, which exceeds their natural replenishment rate.
Financial Market
- The financial market typically involves two parties: buyers and sellers.
- The primary function of the financial market is to facilitate the exchange of funds and investments.
Labor Market
- The labor market operates where individuals offer their skills and services in exchange for compensation.
- The primary function of the labor market is to match businesses with the labor they require.
- This market includes daily laborers, domestic workers, skilled workers, professionals, and other individuals offering their services.
Goods and Services Market
- The goods and services market is where consumers pay money to businesses to acquire products or services.
- This market includes stores, the Internet, and any other place where consumer goods and services are exchanged.
- The primary function of this market is to facilitate the exchange of end products between businesses and consumers.
Online Market
- The online market operates where there is no direct physical contact between buyers and sellers, such as online shopping platforms.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge of renewable and non-renewable resources, as well as other topics covered in Unit 3 of the Grade 9 Ethiopian New Curriculum Economics book.
