Question

What is true about economic resources?
A) Economic resources are limited.
B) Economic resources are always controlled by the government.
C) Economic resources include only money.
D) Economic resources exist only at the individual level.

Answer 1

The correct answer is B.

Answer 2

Economic resources controlled by government.

RESOURCES it is a source which is beneficial for human being.

Resources are of generally two types

ARTIFICIAL RESOURCES - such resources which are obtained by human being which are not natural.

NATURAL RESOURCES - such resources which are provided by the nature .

Resources are the essential material for human being .

Economic resources - which are controlled by government and government gives whenever we required.

Renewable resources - such resources that can be used again and again and renewed after utilization

For ex water, wood , crop

Non renewable resources - resources that can't be used again and again . Once used and cannot be obtained again.

Examples petroleum , coal, minerals.