Economy, asked by rajchuddar2034, 1 year ago

What are resources ? what are its characteristic. for 0?

Answers

Answered by Lipikayadav93
0

Everything which is available in the environment which is technologically accessible , economically feasible and culturally acceptable and which can satisfy our needs.


Answered by ritusmita2005
0

Answer:

Explanation:Every thing available in our environment, which can be used to satisfy our needs if it is technologically accessible,

economically feasible, and culturally acceptable, is termed as resource.

Its characteristics are the following:

a) It has utility: Resources can be used to make a variety of goods and services. It satisfies human wants.

b) They are normally available in limited quantity: Most of the resources are scarce. They are exhaustible. We have

to use it wisely.

c) Can’t be used as it is: Most of the resources are in crude form. We have to put effort on it to get utility or

maximum satisfaction.

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