Question

Answer the following questions in brief.
1. Utility and value of a resource vary from time to time and place to place! Give any three examples to
support the statement.
ent?​

Answer 1

Answer:

Utility and value of a resource varies from time to time and place to place. ... The value of the same resource in two such places will be different. For example, the price and the value of oil in UAE are much lower than that of India since UAE has much higher reserves of the resource.

Explanation:

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Answer 2

Utility and value of resources vary from time to time and place to place in the following ways ---›

• Earlier human civilisations florist along the river valleys as they are used water for irrigating fields.

• Now, human beings are using water for generating energy, irrigation, navigation and industries, etc.

• Chile and United States of America are generating more wind energy than the India.