Explain the term inter dependence of nature, technology and institution with an example
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Nature contains resources. These resources are converted into usable form with the help of technology. Human beings interact with nature through technology, and create institutions to accelerate their economic development.
1) 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. These technologies are used to utilize better resources which expand the institutions, and in return those institutions develop better technologies for better utilization of resources.
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