The definition of resource itself is indicative of this character. All resource have utility, which means they have the want satisfying power. The value or usefulness of any given element is recognized in relation to a specific goal. Example: Money may be most valuable resources while purchasing a commodityBut there are certain basic characteristics of these resources.
Resources are limited both qualitatively and quantitatively: ...
Resources are Useful: ...
Resources are interrelated and interdependent: ...
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The definition of resource itself is indicative of this character. All resource have utility, which means they have the want satisfying power. The value or usefulness of any given element is recognized in relation to a specific goal. Example: Money may be most valuable resources while purchasing a commodityBut there are certain basic characteristics of these resources.
Resources are limited both qualitatively and quantitatively: ...
Resources are Useful: ...
Resources are interrelated and interdependent: ...
Resources have alternative uses: ...
One resource may be substituted for another:
Explanation:
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