Like a Special Spot in Your Room
Examples from Your Day
Think about your backpack at school, it's a fixed resource for you. Every day, you put your books and lunch in it, but the backpack stays with you all day long. It doesn't change or go somewhere else on its own.
Or imagine a cookie jar that’s always on the kitchen counter. No matter how many cookies you take, it's still there, fixed in one place, waiting for more cookies to be added later.
So fixed resources are like your teddy bear's spot, your backpack, or that favorite cookie jar, things that stay where they are and don’t move easily.
Examples
- A bakery that has only five ovens and cannot make more than five batches of bread at once.
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See also
- Why Do Prices Change When No One Buys or Sells?
- How does inflation actually decrease the value of money?
- What is advance?
- What are gluts?
- How Does Economic Concepts for Daily Life | Explore Economics Work?