Question

What are limited resources?

Answer 1

Answer:

LIMITED RESOURCES: A basic condition of nature which means that the quantities of available labor, capital, land and entrepreneurship used for the production of goods and services are finite. ... The phrase limited resources means that the quantities of productive resources available to the economy are finite.

Explanation:

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Answer 2

LIMITED RESOURCES: A basic condition of nature which means that the quantities of available labor, capital, land and entrepreneurship used for the production of goods and services are finite. It means that the economy has only so many resources that can be used AT ANY GIVEN TIME time to produce goods and service.

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