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A resource has value, and people are willing to pay for it most likely because the resource is

scarce
renewable
inexpensive
abundant

User JChao
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1 Answer

1 vote

Answer:

Scarce

Step-by-step explanation:

abundant would mean that there's plenty of something so people could probably get it somewhere for free or cheaper (like staples or paperclips since these are cheap)

Renewable means that the product would be something that's easily replaceable and would probably not cost a lot (like water or fire)

Inexpensive means that the product is really expensive and valuable, people understand its value but would not buy it since it's so expensive (like a famous art piece or a historic artifact)

scarce means that the product is not something an average person would be able to make on their own or find an alternative as easily, but it is not too costly either (like plates or a printer)

also i believe this is the right answer for edg

User Fxstein
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