1.

Basic characteristics of resources​

Answer»

align="absmiddle" alt="\huge\mathbb{\underline{Answer}}" CLASS="latex-formula" id="TexFormula1" src="https://tex.z-dn.net/?F=%5Chuge%5Cmathbb%7B%5Cunderline%7BAnswer%7D%7D" title="\huge\mathbb{\underline{Answer}}">

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

Resources CHARACTERISTICS: Resources have three main characteristics namely

  • Utility,
  • Limited availability,
  • 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.

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━


Discussion

No Comment Found

Related InterviewSolutions