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A major characteristic of natural resources is that they

Economics
WAEC 2022

A major characteristic of natural resources is that they

  • A. are unlimited in supply
  • B. have high cost of production
  • C. are free gifts of nature
  • D. do not command any price
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Correct Answer: Option C
Explanation

Natural resources exist naturally unlike man made resources that are created by human beings. The existence of natural resources is not attributed to any human activities, they are acts of nature.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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