what are resources .. explain it's four factors in india..
Answers
Answer:
1.Resource accessibility: Resources should be made available to all people for optimum utilisation.
2.Skill: Upgrading to latest technologies and skills will ensure appropriate development of resources in the country.
3.Superiority of human resources: Knowledge gained by people plays an important role in resource development.
4.Past experiences of the people: People who have experienced the situations of resource scarcity in the past will clearly understand the importance and the finest consumption of resources in the future.
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Answer:
A resource is a source or supply from which a benefit is produced. Resources can broadly classified upon their availability—they are classified into renewable and non renewable resources.
Four factors÷
Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services.