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MICROECONOMICS CH : 1 ECONOMICS AND ECONOMY — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 1 ECONOMICS AND ECONOMY2 Marks
Question
State the two characteristics of resources.
✓

Answer

(i) Resources are scarce in relation to the goods we wish to produce for the satisfaction of human wants, and
(ii) Resources have alternative uses.

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