Question

explain limited resource. ​

Answer 1

Answer:

The phrase limited resources means that the quantities of productive resources available to the economy are finite. The economy has a finite amount of labor, capital, land, and entrepreneurship that it can use for production.

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Answer 2

Answer:

Restricted amounts of inputs required by a business or economy such as motivated staff, finances, production facilities and raw materials. The social and business environment that has to deal with a scarcity situation involving limited resources tends to put pressure on affected individuals and