What are the factors that determine the utility of any natural resources ?

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Solution

Dear Student,
Here are the factors that determine the utility of a resource
1.The state in which it occurs.
2 The place where it occurs.
3.The efforts needed to process it.[ TECHNOLOGY]
3.The cost of processing it.
4. The time it requires is also a factor.
The utility is determined by the potential of the resource to satisfy our wants. The value of the resource is in turn determined by the utility and availability of the resource.
Regards

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