Question

is the problem of limited resources something that we eventually solve and don't have to worry...

is the problem of limited resources something that we eventually solve and don't have to worry about, or is it always with us as long as we live? What is an example of a resource that is limited? Are there any unlimited resources?

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Answer #1

Answer : Economics is the study of resources which may be limited or unlimited. Each country has some limited resources which are used in production. As the resources are limited, after total usation of resources there will be stop in production. But if alternative way of production is find then there is no problem in the economy and the output will stay with us as long as we live.

Some limited resources are coal, oil, natural gas etc.

Water is an unlimited resource.

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