Question
Give four features of economic resources
Answer
i) They are scarce/limited in supply
ii) They have monetary value
iii) They have alternative uses/occupational mobility
iv) They are unevenly distributed fro one region to another
v) They have utility/usefulness
vi) They are transferable from one party to another/geographical mobility
vii) They can be combined to produce goods/services
ii) They have monetary value
iii) They have alternative uses/occupational mobility
iv) They are unevenly distributed fro one region to another
v) They have utility/usefulness
vi) They are transferable from one party to another/geographical mobility
vii) They can be combined to produce goods/services
Related Topics