what is resources ?
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A recourse is a legal agreement that gives the lender the right to pledged collateral if the borrower is unable to satisfy the debt obligation. Recourse refers to the lender's legal right to collect. ... Companies that use recourse debt have a lower cost of capital, as there is less underlying risk in lending to that firm
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Everything available in our environment which can be used to satisfy our needs, provided, it is technologically accessible, economically feasible and culturally acceptable can be termed as 'Resources'.
Human beings themselves are essential component of resources.
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