Ads
related to: difference between actual and potential resources examples pdf file editorpdfsimpli.com has been visited by 1M+ users in the past month
Search results
Results from the WOW.Com Content Network
The difference is between actual prices paid, and information about possible, potential or likely prices, or "average" price levels. [2] This distinction should not be confused with the difference between "nominal prices" (current-value) and "real prices" (adjusted for price inflation, and/or tax and/or ancillary charges). [3]
Potential resources: Resources that are known to exist, but have not been utilized yet. These may be used in the future. For example, petroleum in sedimentary rocks that, until extracted and put to use, remains a potential resource. Actual resources: Resources that have been surveyed, quantified and qualified, and are currently used in development.
In management literature, gap analysis involves the comparison of actual performance with potential or desired performance. [1] If an organization does not make the best use of current resources, or forgoes investment in productive physical capital or technology, it may produce or perform below an idealized potential.
The difference between the two represents the GDP gap. [2] IMF estimates of the 2009 output gaps as % of GDP by country The GDP gap or the output gap is the difference between actual GDP or actual output and potential GDP , in an attempt to identify the current economic position over the business cycle .
The difference between potential output and actual output is referred to as output gap or GDP gap; it may closely track lags in industrial capacity utilization. [ 4 ] Potential output has also been studied in relation Okun's law as to percentage changes in output associated with changes in the output gap and over time [ 5 ] and in decomposition ...
There are marked differences in resource distribution and associated economic inequality between regions or countries, with developed countries using more natural resources than developing countries. Sustainable development is a pattern of resource use, that aims to meet human needs while preserving the environment . [ 1 ]
Ads
related to: difference between actual and potential resources examples pdf file editorpdfsimpli.com has been visited by 1M+ users in the past month