What is meant by alternative uses of resources? Give Examples.

alternative use of resorces means simply the diffrent ways in which a resource can be used.

Example- the alternative uses of land are-

1.it can be used to grow crops.

2.it can be used to build school.

3.it can be used to built office.

4.it can be used to buld any sports complex.,etc

thus it simply means the different ways in which we can use resources.

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alternative use of resource means that resource are scarce in comparision to demand/for the purpose they can be put to

for instance land which can be used to construct house or schooits

economic meaning: it is however subject to opportunity cost

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It means that one resource can be used in the production pf many commodities, viz. steel for building bridges and steel for producing kitchen ware or wargoods.

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