Question

Why are resources valuable assets?

a.

Because they are free and easily available.

b.

Because they are not available in plenty and are procured at a cost.

c.

Because they are not necessary for the production of goods and services.

d.

Because they are easily replaceable.

Answer: (b).Because they are not available in plenty and are procured at a cost. Explanation:Resources are valuable assets because they are not available in plenty in the environment, are procured at a cost and for a specific purpose.

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Q. Why are resources valuable assets?

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