Business Studies, asked by Ayesha2165, 10 months ago

Features of economic resources

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Answered by lavanya12355

answer:

*Economic resources are resources which create value for the society by producing goods, things, services etc. They are also termed as factors of production.

Two most vital characteristics of economic resources are as following:

i) These things are scarce in nature which means their supply is limited

ii) These resources have alternative resources available

4.2

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