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27 June, 07:34

A basic concept in economics is that all resources are scarce. Allocated. Valuable. Renewable.

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  1. 27 June, 08:15
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    Answer: scarce

    Explanation: edg 2020
  2. 27 June, 09:42
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    A basic concept in economics is that all resources are scarce.

    Explanation:

    There are wants, needs and desires that are unlimited in nature with respect to humans. Resources are very essential for the survival of human beings. The distribution of these scare resources is studied by the Economics. Free goods refer to those goods that come without any cost associated with that.

    The resources that are available naturally is scarce because there are only finite quantity available for the utilisation. Some of the examples of scarce resources include raw materials, workers, etc that are very essential for the production of the scarce goods.
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