a] Scarce in supply
b] Have money value
c] Unevenly distributed
d] Have utility
e] Have alternative uses
f] Can change ownership
g] Can be combined
h] Can be complimentary
OR
Explain five characteristics of economic resources.
- Are scarce/limited in supply-----one cannot have all economic resources they may want.
- Have money value----you can attach monetary value on them.
- Have utility----are useful and can satisfy a want.
- Most are transferable---some can be moved from one place to another eg man made resources
- Are unevenly distributed----some areas /country have more than others.
- Have alternative uses---- usage can be changed to areas of better/more returns.
- Can be combined to produce goods---different raw materials can be combined to come up with
a new product.
Githiari answered the question on September 22, 2017 at 20:46
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