a resource has value, and people are willing to pay for it most likely because the resource is renewable…
a resource has value, and people are willing to pay for it most likely because the resource is renewable inexpensive abundant scarce
Answer
Brief Explanations:
In economics, scarcity creates value. When a resource is scarce, its limited availability relative to demand makes people willing to pay for it. Renewable resources may not always have high - value due to abundance in some cases. Inexpensive resources don't require people to pay a high price. Abundant resources usually don't have high value as they are easily accessible.
Answer:
scarce