Nonrenewable resources those in limited supply.
A prime example of this is crude oil (fossil fuels).
Renewable resources, by contrast, can be replenished, or are in abundant supply (such as wind, solar energy, etc.).
Supply and Demand
Scarcity exists because we have unlimited wants and only a limited supply of resources to produce goods and services that satisfy our wants
a.They are scarce i.e their supply is limited. b.They have mortality value. c.They are evenly distributed. d.They have alternative resources.
Supply and demand: limited resources are used in any of various ways to fulfill the demands (or needs) of consumers.
Supply and demand: limited resources are used in any of various ways to fulfill the demands (or needs) of consumers.
limited in supply.
Energy sources that are in limited supply are resources include electricity. This is because it hard to create and harvest electricity.
there is a limited supply
economics
Supply and Demand
Scarcity exists because we have unlimited wants and only a limited supply of resources to produce goods and services that satisfy our wants
is the name given to the organized decisions of distributing limited resources among unlimited needs and wants
when the supply fund resources is permanent it is called flow resources. on other hand fund resources are those which are fdixed and limited in the quanity
Limited resources are restricted or scarce supply of sources used to create products. This can include inadequate labor or raw materials to produce goods.
a.They are scarce i.e their supply is limited. b.They have mortality value. c.They are evenly distributed. d.They have alternative resources.
a.They are scarce i.e their supply is limited. b.They have mortality value. c.They are evenly distributed. d.They have alternative resources.
Limited water supply