Economic Analysis Tools Implementation in Resource Management Process

Economic Analysis Tools Implementation in Resource Management Process

A characteristic common feature of economic resources including financial capital, is their scarcity that determines the need to seek maximum utility and return to their management. On the other hand is the well known and generally accepted idea of unlimited amounts of human needs, which among other things have a tendency to reproduce at a higher level when they reach a certain degree of saturation or satisfaction. Summed effects of both economic and social phenomenon give the necessity of choice and make rational, informed and effective solutions to meet existing needs with available resources and in a way as to maximize the utility of the resources used.