Economy, asked by mayanksingh07, 6 months ago

Resources can be used for multiple purpose at same time

Answers

Answered by aggarwalhimanshi19
1

Answer:

The same resource has multiple uses, but it can only be used for 1 thing at a time.

Explanation:

The basic economic problem is scarcity. Which is that unlimited wants exceed limited resources. These resources have multiple uses (e.g oil can be used for petrol, cooking etc.), but the same 1 litre of oil can only be used for one thing at a time, it cannot be used for  everything as it will be used up.

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Answered by Mlegend
0

Answer:

yes

Explanation:

resources such as water can be used for multiple purposes such as household chores as well as creating hydroelectricity and also fire can be used at the same time for providing warmth as well as providing light.

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