Name 4 characteristics that constitute a resource
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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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Resources :- Human as well as non-human resources possess certain characteristics which are as follows.
1) Usefulness - Usefulness is one of the most important characteristics of all the resources. ...
2) Limitedness - Resources are limited. ...
3) Quality of human life is determined by the use of resources -
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