👉 Noncancelable, also known as a nonrenewable resource, refers to an asset or resource that cannot be replaced by another. In other words, it is not possible to get another copy of this asset or resource without first acquiring it. Examples of noncancelable resources include water, oil, and coal. In the context of economics, noncancelable resources are often described as scarce and limited, meaning they can only be obtained for a finite period of time. Nonrenewable resources
