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Alternative resources can be used to replace those becoming scarce

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Resources can be used to produce goods and services to fill the scarcity gaps.

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Explain how resources can be used to solve the economic problem of scarcity

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Capitol can be any type of machinery or equipment.

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Economic capitol is something that must be manufactured in order to be used to produce other goods and services.

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Summarize what economic capitol means

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Money can't be used to produce something, but it can be used to acquire resources. Due to the fact that it can't produce anything, money cannot be called a resource.

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Resources only refer to productive resources. This means that they have to produce a product or a service.

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Explain why money is not a resource