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The lack of financial access limits the range of services and credits for household and enterprises. Poor individuals and small enterprises need to rely on their personal wealth or internal resources to invest in their education and businesses, which limits their full potential and leading to the cycle of persistent inequality and diminished ...
Resource slack, in the business and management literature, is the level of availability of a resource. Resource slack can be considered as the opposite of resource scarcity or resource constraints. The availability of resources can therefore be defined in terms of resource slack versus constraints, as two ends of a continuum. [1]
Scarcity also includes an individual's lack of resources to buy commodities. [2] The opposite of scarcity is abundance. Scarcity plays a key role in economic theory, and it is essential for a "proper definition of economics itself". [3] "The best example is perhaps Walras' definition of social wealth, i.e., economic goods. [3] 'By social wealth ...
The Small Business Administration, in an article on small business failure, [2] lists additional reasons for failure from Michael Ames' book on "Small Business Management": [3] lack of experience; insufficient capital; poor inventory management; over-investment in fixed assets; business's finance mismanagement; poor business location
X-inefficiency, however tends to increase average costs causing further divergence from the economically efficient outcome. The sources of X-inefficiency have been ascribed to things such as over investment and empire building by managers, lack of motivation stemming from a lack of competition, and pressure by labor unions to pay above-market ...
"The lack of dispatchable resources and diverse generator fuel types in the interconnection processes makes the future resource mix look alarmingly unreliable."
Shortage of skilled workers knocks red tape off top of business constraints league table - Grant Thornton IBR; The Real Science Gap - "It's not insufficient schooling or a shortage of scientists. It's a lack of job opportunities."
A company which is heavily dependent on a resource supply of a fixed or relatively-fixed size will have trouble increasing production. For instance, a timber company cannot increase production above the sustainable harvest rate of its land (although it can still increase production by acquiring more land).