resources are limited .explain homescience question
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resources are present in our environment in two ways. such as some resources are in limited quantity but some resources are present in unlimited quantity. resources are limited resources such as petroleum, coal
unlimited resources such as air water land
limited resources takes thousand of year to reform so it is very important to conserve resources
unlimited resources such as air water land
limited resources takes thousand of year to reform so it is very important to conserve resources
janhvisingh56:
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The other half of the scarcity problem is unlimited wants and needs. The phrase limited resources means that the quantities of productive resources available to the economy are finite. The economy has a finite amount of labor, capital, land, and entrepreneurship that it can use for production.
Some examples of scarcity include: ... Due to politics regarding a dam in Gujarat, water has become scarce. Coal is used to create energy; the limited amount of this resource that can be mined is an example of scarcity.
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