wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Write about the utility and value of resources.


Open in App
Solution

The utility is what makes an object or substance a resource. The factors that determine the utility of any natural resources foremost are ‘human beings’ because only they have the ability to recognise any substances as resources, Utility simply means the ability to satisfy a want. A cigarette has a utility to the smoker but it is injurious to his health. Resources are anything that has utility and adds value to your life. The value of each such resource depends on its utility and other factors. For example, silver and gold have economic value; i.e. they can be exchanged for money.


flag
Suggest Corrections
thumbs-up
41
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Human Made Resources
SOCIAL SCIENCE
Watch in App
Join BYJU'S Learning Program
CrossIcon