Question

What is a resource? Also state its characteristics.

Answer 1

Anything available in our environment which can be used to satisfy our needs and is technologically accessble, economically feasible and culturally acceptable, can be termed as resource. Its characteristics are as follows:
(i) A resource is a source or supply from which benefit is produced.
(ii) Typically resources are materials, money, services, staff or other assets that are transformed to produce benefit and in the process may be consumed or made available.