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Each economy possesses resources and technology to use in production. true or false

User Xela
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Answer:

True. as land is limited and the technology can be developed and used for good.

Step-by-step explanation:

  • Every economy has resources and the better the economy uses these resources the better is the production and consumption of the resources, the only need is the potential to develop the resource as the middle east has developed the use of desalinated water technology to clean the salted water and thus create a valuable resource.
  • The resources are there and one needs to develop them to there full potential with the help of technology that may be transferred from any other nation or territory as a form of the technology transfer.
User Japem
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