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What do you understand by limited resources? - Economics

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Question

What do you understand by limited resources?

Very Short Answer
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Solution

Resources which are available in limited quantity on the earth are called limited resources.

Examples: Minerals, fossil fuels, etc.

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Chapter 5: Basic Problems of An Economy - QUESTION BANK [Page 82]

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J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 5 Basic Problems of An Economy
QUESTION BANK | Q 15. (i) | Page 82
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