Question

How are nature,technology and institution are interdependent with each other?

Answer 1

Frnd,
Consider e following example-

Think you have Diesel (natural resource or nature).
Then you have a car that runs on Diesel and the technology of Diesel refineries (technology).
And then you have car factories and diesel refineries (institutions).
So, if Diesel isn't present the other two wont be there.
And if technology is not there, then there will not be Diesel refineries and there will be no way we can use Diesel properly.
And if institution is , what's the use of technology as we cant produce the technology without the institutions like factories.
Therefore, all these are inter related / depended upon each other ( If one will not be their, the other can't Exist.

Hope it helped
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Answer 2

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 develop 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.