explain the interdependence between nature, technology,and institution with an example
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think you have diesel (natural resources or nature)
then you have a car that runs on Diesel and the technology of Diesel refineries
And then you have car factories and diesel refineries (Institute)
So if diesel isn't present the other two wont be there .
And if technology is not there then there will be no Diesel refineries there will be no way we can use diesel properly
And if institutions is what's the use of technology as we can't produced technology without the institute like factories .
Therefore , all these are inter related / depend on each other
Hoped it will helped you.
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