Courses » JSS2 » JSS2 Home economics » Characteristics of resources - JSS2 Home economics Lesson Note

Characteristics of resources - JSS2 Home economics Lesson Note

  1. Utility: This means that resources have value or worth. They are useful and can be used to produce goods and services.
  2. Accessibility: The resources must be of easy reach or easy to obtain every time to achieve set goals.
  3. Manageability: This means resources can be controlled for the purpose of achieving goals.
  4. Interchangeability: A resource is interchangeable when it can be substituted with another resource in order to reach set goals.
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