Which factor is NOT part of the PINTS WC acronym for causes of shifts in the supply curve?

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Study for the GCSE Economics Exam with comprehensive flashcards and multiple choice questions. Each question includes hints and detailed explanations. Prepare thoroughly for your exam!

The PINTS WC acronym is used in economics to identify various factors that can lead to shifts in the supply curve. The elements represented in this acronym stand for different influences that can affect how much of a good or service producers are willing and able to sell.

In this case, resources are actually a fundamental part of determining supply and are crucial for production. Changes in the availability or cost of resources can directly impact supply levels. For example, if resources become scarce or expensive, it may become less profitable for producers to supply as much of a product, thereby shifting the supply curve leftward.

On the other hand, technology, indirect taxes, and weather are indeed included in the PINTS WC acronym. Technology can increase production efficiency, thus shifting the supply curve to the right; indirect taxes can increase costs for producers, possibly shifting supply left; and weather can affect agricultural output, leading to shifts in supply based on environmental conditions.

By knowing that resources are essential for production and affect the supply directly, it's clear why they are part of the considerations for shifts in the supply curve, whereas the other factors fit the PINTS WC acronym.

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