Question

Briefly explain how the family farm,weaver, teacher can use their resource to fulfill their needs in a simple economy

Answer 1

The fulfillment of the needs can be done through the right investment of the financial resources in the right time.

Explanation:

• In the case of the family farming, a proper investment should be done in buying a land that supports the agriculture. Farmers should be aware of the fact that the soil is fit to carry out the agriculture.
• A weaver can spend money over a right weaving machine and a teacher can earn her earnings through teaching in the best schools which are appropriate to her knowledge.

To know more:

1) How is classified of ecomony activite into differaent sector usefull​

https://brainly.in/question/11960568.

2) What is economy...........

https://brainly.in/question/7999812

Answer 2

Introduction: People in society need many goods and services in their everyday life The list of goods and services that any individual needs is so large that no individual in society, to begin with, has all the things she needs. Every individual has some amount of only a few of the goods and services that she would like to use. FAMILY FARM: A family farm may own a plot of land, some grains, farming implements, maybe a pair of bullocks and also the labour services of the family members. The family farm can produce corn, use part of the produce for consumption purposes and procure clothing, housing and various services in exchange for the rest of the produce. WEAVER:A weaver may have some yarn, some cotton and other instruments required for weaving cloth. The weaver can get the goods and services that she wants in exchange for the cloth she produces in her yarn. Similarly, TEACHER: The teacher in the local school has the skills required to impart education to the students.The teacher can earn some money by teaching students in the school and use the money for obtaining the goods and services that she wants. CONCLUSION:Each individual can thus use their resources to fulfill their needs. It goes without saying that no individual has unlimited resources compared to their needs.In reality all the economies are a mixed economy.