The study of how to increase resources and create conditions that will make better use of those resources is called resource development.
Economics is the study of how societies allocate scarce resources and commodities. Resources are inputs that society uses to produce outputs known as commodities. Resources include inputs such as labor, capital, and land. Natural resources are naturally occurring substances that humans use for various purposes.
The interest in allocation in economics has led economics to be essentially a choice theory, the logical process by which people choose among alternatives. Economists, therefore, look at how individuals, businesses, and governments allocate resources.
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