Geography, asked by aashuguarg99, 7 months ago

Do you believe that both (Resources having economic value and resources Don't having economic value) are important? Give reason.​

Answers

Answered by koleymukul22
3

Explanation:

What Is Economic Value?

Economic value can be described as a measure of the benefit from a good or service to an economic agent. It is typically measured in units of currency. Another interpretation is that economic value represents the maximum amount of money an agent is willing and able to pay for a good or service. The economic value should not be confused with market value, which is the minimum amount a consumer will pay for a good or service. Thus, economic value is often greater than the market value.

Answered by ihaan901
0
They are important
Just imagine our life without them :)
Similar questions