Question

Why there is a need to economic resources Explain

Answer 1

Answer:

Economic resources are the inputs we use to produce and distribute goods and services. The precise proportion of each factor of production will vary from product to product and from service to service, and the goal is to make the most effective use of the resources that maximizes output at the least possible cost.

Explanation:

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Answer 2

Answer:

Economic resources are the inputs we use to produce and distribute goods and services. The precise proportion of each factor of production will vary from product to product and from service to service,and the goal is to make tge most effective use of the resources that maximizes output at the least possible cost. This is the reason that we need economic resources