Question

How can we make best use of scarce resources having alternative uses in relation to unlimited wants ? Suggest three measures.

Answer 1

• For example, steel has alternative uses: to build cars, bridges, appliances, buildings, machinery, etc. It is also generally true that alternative resources can satisfy particular wants. A house can be constructed of steel, aluminum, wood, or glass (provided you don't throw stones).

Answer 2

Answer:

For example, steel has alternative uses: to build cars, bridges, appliances, buildings, machinery, etc. It is also generally true that alternative resources can satisfy particular wants. A house can be constructed of steel, aluminum, wood, or glass (provided you don't throw stones).

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