Mention the main characteristics of the resources? give short answer
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Answer : 1)Resources are limited both qualitatively and quantitatively: ...
2)Resources are Useful: ...
3)Resources are interrelated and interdependent: ...
4)Resources have alternative uses: ...
One resource may be substituted for another:
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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.
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