Question

2. Do all resources have economic value? Why, why not? Give
one example to explain. .​

Answer 1

resource are anything which are usedul. all resource donot have economic value .ex - humans . humans gain knowledge and talent so that they earn more money in the future as a return

Answer 2

No, all resources do not have economic value

Explanation:

• Some resources which can be sold or bought, or can be utilised to make things which can be sold and bought is referred to as economic value. It refers to the value that is related to the benefit of the commodity/object, its profit, price, and so on. It is more monetary.
• Therefore, we can say many resources have an economic value while others do not. For example resources such as gold , diamonds, and many more are used for commercial purposes, while other resources, such as  rivers and mountain, are also commodities that do not have any economic value.