Question

State two characteristics of the economic resources which give rise to economic problem. ​

Answer 1

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✴ANSWER ⤵⤵⤵

➡ RESOURCES AVAILABLE ARE LIMITED WHEREAS WANTS ARE UNLIMITED.

➡ LIMITED RESOURCES HAVE ALTERNATIVE USES DUE TO WHICH PROBLEM OF CHOICE ARISES.

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Answer 2

• Resources Available are limited whereas wants are unlimited.
• Limited resources have alternative uses

So Problem of choice Arises .

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