Question

9. Do Resources have value? Discuss​

Answer 1

$\tt{ \underline{ \blue{Resources : \: Utilty \: and \: Value }}}$

All the things on the earth which are necessary for our existence on this planet,are known as Resources. Human Needs and wants are neither uniform in all parts of the world nor static over the years. They generally grow and become complex with the process of change in the society. Utility and Value of a resource varies from time to time and place to place. Earlier human civilisations flourished along the river valleys as they used water for irrigating fields. Now,Human are using water for Irrigation, Navigation and Industries,etc. China and United States are generating more wind energy than India. Greater Emphasis is laid on the utilisation of resources for satisfying the multifarious needs of Human Beings.

Utilisation of Resources Depends on :

• Availability of Resources

• Skill of Human Beings

• Availability of Capital

• Availability of Water

• Advancement of Technology

• Availability of Transport and Communication Facilities.

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For the economic values, Availability of Resources played a very important crucial role. Though Resources are essential for development but their mere presence doesn't guarantee development.

Answer 2

Resources have value because they are scarce and because some people want them. ... And people want air but it's not scare on Earth so it likewise has no value. But for instance something like iron is both scarce and valued by people. Because it's valued by someone that means they are willing to give something up for it.