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What is meant by the term ‘resources’? - Economic Applications

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What is meant by the term ‘resources’?

What is meant by resources?

Short Answer
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Solution

Resources refer to all the materials available in our environment which help us to satisfy our needs and wants. Every country has its own resources on which the entire population relies.

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Chapter 5: Basic Problems of An Economy - QUESTIONS [Page 81]

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J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 5 Basic Problems of An Economy
QUESTIONS | Q 1. | Page 81
J. P. Goel and Kaushal Goel Economic Applications [English] Class 9 ICSE
Chapter 3 Basic Problems of An Economy
QUESTION BANK | Q 2. (i) | Page 39
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