The resources available with the given producer are
(a) Limited
(b) Have alternative uses
(c) Unlimited
(d) Both (a) and (b)
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3
Answer:
(a)The resources to produce goods and services to satisfy human wants are available in limited quantities. Land, labour, capital and entrepreneurship are the basic scarce resources. (b)These resources are available in limited quantities in every economy, big or small, developed or underdeveloped, rich or poor.
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Answer:
option d
Explanation:
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