What are the features that make anything a resource?
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Answer: Its characteristics are as follows: (i) A resource is a source or supply from which benefit is produced. (ii) Typically resources are materials, money, services, staff or other assets that are transformed to produce benefit and in the process may be consumed or made available.
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Resources characteristics: Resources have three main characteristics namely 1) Utility, 2) Limited availability, 3) Potential for depletion or consumption. Scarcity is the fundamental economic problem of having humans who have unlimited wants and needs in a world of limited resources.things which we use in our surroundings when satisfies or completes our needs are called resources. Things become resources when they have a value. A resource gains it's value by how it used or their utility. For example-- water is used for drinking.
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