Basic Problems of An Economy — Economics STD 9 — Question
ICSE BoardEnglish MediumSTD 9EconomicsBasic Problems of An Economy3 Marks
Question
What do you understand by limited and unlimited resources?
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Answer
Limited Resources: Resources which are available in limited quantity on the earth are called limited resources. Examples : Minerals, fossil fuels, etc. Unlimited Resources: Unlimited resources refer to renewable resources whose supply is not exhausted with use. Examples : Sunlight, water, etc.
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