Question

State the characteristics of resources ..

Answer 1

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.

Explanation:

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Answer 2

Answer:

Every thing in our environment that can be used to satisfy our needs, which is technologically accessible, economically feasible and culturally acceptable can be termed as resource.

Explanation:

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