Do all resources have economic value. explain
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Some resources have economic value, while some do not. Metals for example, may have an economic value. A beautiful landscape however may not. But both are important and satisfy human needs and so have value.
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Some resources have economic value owing to their demand and scarcity, whereas, some other resources do not have economic value owing to their abundance and negligible demand. Explanation: Resources like crude oils, precious metals, Valuable minerals, etc., have a great demand from all over the world.
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