explain relationship between natural, technology and institutions
Answers
Answer:
) Nature is defined by the rainfall, climate, topographic features of the place and does not depend on man made or developed resources. 2) Technology is developed with the nature and natural resources of the place,technology is developed for man's facilitation. 3) Institutions develope technologies based on resources.
Explanation:
Nature gives us resources. The technology helps us to establish institutions (entities that augment economic development, like industries) to use such resources optimally. In the absence of resources, there can be no technology for the usage of resources and no institution either. In the absence of technology, such resources cannot be converted into a form that can be used for the institutions. Moreover, in the absence of institutions, neither can the resources be used nor can the technology be developed to use the sources.