Question

converting natural resources into valuable products
i want to know more about it in descriptopn for my activity.

Answer 1

Answer:

Resources are anything that has utility and adds value to your life. Air, water, food, plants, animals, minerals, metals, and everything else that exists in nature and has utility to mankind is a ‘Resource’. The value of each such resource depends on its utility and other factors. For example, metals are gold, silver, copper or bronze have economic value; i.e. they can be exchanged for money. However, mountains, rivers, sea or forests are also resources but they do not have economic value.

There are two most important factors that can turn any substance into a resource- time and technology.