Question

Which one of the following does NOT make substance a resource?

• A. Utility
• B. Value
• C. Quantity

Answer 1

The correct option is C

Quantity

Answer: The correct answer is quantity

• A substance or an object becomes a resource because of its usability or utility.
• For example, electricity, water have utility, because they are used by all of us.
• The meaning of the value of the resource is nothing but worth of the resource.
• Some resources do not have economic value but some other resources have economic value.
• For example, a beautiful landscape need not have economic value whereas a metal may have an economic value.
• Substances can be changed into resources with the help of two important factors such as technology and time.
• The most important resource are the people.
• It is the discoveries, inventions, knowledge and ideas of people that leads to the creation of more resources.