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Name the three general categories of Resources
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- Mircoeconomics production and cost concept: Several years ago, hurricane Gilbert destroyed thousands of acres of banana in Jamaica. Farmers whose crops were destroyed by the hurricane were much worse off, but farmers whose crops were not destroyed benefited from the hurricane. Why did this occur? What information would you need about the market for bananas in order to assess whether farmers as a group were hurt or helped by the floods?Fill in the table and please provide a solution. Thank you!Find out sources of raw materials, production process, marketing strategies, and difficulties encountered in the production of the given consumer products such as wine, vinegar, soap and processed foods.
