Question

Answer the following questions in short.



1. What is the condition of the substance to be called a resource?

2. What do you understand by the word “Utility”?

3. What do you mean by Resources?

4. Which are the two factors that make a substance resource?

5. Write three examples of biotic components.

6. Write the components of Resources.

7. Write three examples of abiotic components.

8. What do you mean by Value? Give one example.

9. Define : Natural resources

10. What is called Technology?​

Answer 1

answer:  1. When any substance have value and utility then the substance is known as a resource. A SUBSTANCE IS A RESOURCE IF IT HELPS US TO SATISFY OUR NEEDS. THESE SUBSTANCES ARE CONVERTED INTO RESOURCES BY VALUE ADDITION. THIS IS THE CONDITION FOR A SUBSTANCE TO BE CALLED RESOURCE.

2.Utility is a term in economics that refers to the total satisfaction received from consuming a good or service. Economic theories based on rational choice usually assume that consumers will strive to maximize their utility.

3.a source of supply, support, or aid, especially one that can be readily drawn upon when needed is called resource.

Explanation:

Answer 2

Hi friend!

Here are your answers :

1. A substance can be called a resource when it is used by us. That is, when the substance has utility.
2. Utility or usability is what makes a substance a resource. It means to use a substance to fulfil our needs.
3. Resources are the substances that are used by us to fulfil our needs and has some form of utility.
4. Time and technology are the two factors that make a substance a resource.
5. Some biotic components are animals, plants and human beings.
6. The three main components of resources are air, land and water.
7. Abiotic components are land, air and water.
8. Value means worth. It is an important factor that makes a substance a resource. For example, a landscape has no value but iron ore has value.
9. Natural resources are those that occur naturally in nature. They are usually renewable resources. Eg: Plants, air, water
10. Technology is the application of the latest knowledge and skills in doing or making things.

Hope it helps you !!!!