Question

Justify that utility and value of resources varies from time to time and place to place

Answer 1

Utility and value of resources varies from time to time and place to place,Time and technology are the two factors that change the value of substances and make them resources.

Time with new technology,the new resources  available can gain new utility and hence value.

For example: in the case of solar

Power-though sunlight is freely available,sunlight has no utility in terms of generating power,before the advents in solar technology before the advents  in solar  technology.However with the development in solar power technology,sunlight now has much higher utility

Place- the value of utility varies from place to place.the resources that are plenty fully available in a region are consumed abundantly,and people of the region may attach lower value to such resources,The same resources are consumed scarcely in places where they are not found amply.The value of same resources in two places will be different.

For example-The price and the value of oil in UAE has much higher reserves of the resources.

Answer 2

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utility and value of a resource varies from time to time and place to place.

Examples:-

1)early human civilization flourish along the river valleys as they used water for irrigating fields

2)now, human beings are using water for generating energy irrigation navigation and industries etc.

3)China and United States of America are generating more wind energy than India.

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