Question

What are the two characteristics of resources that call for exercising choice in the use of economic resources​

Answer 1

Answer:

Answer

Characteristics of economic resources are:

They have alternative uses.

Resources are 'scarce'

Low level of national income.

Predominance of agriculture.

Tremendous population pressure.

Massive unemployment.

Low-level rate of capital formation and Scarcity of capital.

Explanation:

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Answer 2

Answer:

characteristics of economic resources are:

1. they have alternative uses

2. Resources are 'scarce'

3. low level of natinal income

4. predominance of agriculture

5. tremendous population pressure

6. massive unemployment

7. low- level rate of capital formation and scarcity of capital