Describe the term resource . What do you mean by utility and value of resource ?
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The utility is what makes an object or substance a resource. ... Resources are anything that has utility and adds value to your life. The value of each such resource depends on its utility and other factors. For example, silver and gold have economic value; i.e. they can be exchanged for money.
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The utility is what makes an object or substance a resource. ... Resources are anything that has utility and adds value to your life. The value of each such resource depends on its utility and other factors. For example, silver and gold have economic value; i.e. they can be exchanged for money.
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