Question

Explain the chief characteristics of resources.​

Answer 1

Answer:

Resources characteristics: Resources have three main characteristics namely 1) Utility, 2) Limited availability, 3) Potential for depletion or consumption. Scarcity is the fundamental economic problem of having humans who have unlimited wants and needs in a world of limited resources.

Explanation:

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Answer 2

Resources characteristics: Resources have three main characteristics namely

1) Utility

2) Limited availability

3) Potential for depletion or consumption.

Scarcity is the fundamental economic problem of having humans who have unlimited wants and needs in a world of limited resources.

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