Question

Resources may posses different types of values.List the different kinds of values resources may possess,

Answer 1

Dear Student,

Resource - All the objects in the environment, which are important to man and possess a value are called Resources.

Different kinds of values associated with Resources

The types of values associated with resources are given below:

1. Economic Value - This is associated with the monetary importance of a resource. We can buy or sold some resources or can use them to make the things that can be bought or sold. Eg. Minerals.

2. Aesthetic Value - We enjoy the beauty of a mountain, landscape, seat etc. Thus, they are resources with an "Aesthetic Value".

3. Legal Value - Resources such as Air, Water, Land etc. are an essential part of life. So, it is important for everyone to protect these resources from pollution. These are associated with the "Legal Values" of the resources.

4. Ethical Value - By ethical values of a resource, we mean that we should protect our flora and fauna from intensive cutting or trees and destruction of wildlife.

Regards.