Question

Four features of economic resources

Answer 1

Answer:

i)Scarcity/limited in supply, they are found in small quantities compared to the many uses into which they

have to be put /hence not sufficient to satisfy all human wants

ii) monetary value. They have a price /reward attached to them / which have to be paid for their use

/transfer / for recording

iii) Uneven /unequal distribution. they are not distributed uniformly in the society /hence some people

/regions /countries have more other resources than others

iv)combinability /complimentality .they ca be used in different proportions to produce goods /services /they

can be used jointly.

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