Question

Define resources. What do you mean by value and utility of a resourse?

Answer 1

Anything that is useful and has a value is know as resources .Utility and value, in economics, the determination of the prices of goods and services.

Answer 2

The geographically informed person must understand that a "resource" is a cultural concept. A resource is any physical material constituting part of Earth that people need and value. Natural materials become resources when humans value them. ... Some resources are finite, while others can be replenished at varying rates