Question

Anything that has a utility and value is called____________​

Answer 1

Answer:

1. Resource: Anything that can be used to satisfy human needs is a resource. OR All the objects in the environment, which are useful to man and have a value, are called "Resources". 2. Utility: A thing becomes a resource when its utility has been identified.

Answer 2

Utility : It is a term in economics that refers to the total satisfaction received from consuming a good or service. Value : It is a measure of the benefit from a good or service to an economic agent.

labour, materials, machinery