Some resources can become economically valuable with time. Justify the statement
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Answered by
18
Points to justify the statements are :-
- The resources are now widely used by the people.
- Some resources are non-renewable so when they utilize the resource it exhausts. For eg - Coal , Fuel , etc.
- As we know scarcity is caused when the Demand is greater than requirement.
Answered by
31
Answer: Resources can become economically valuable with time. Certain resources like medicinal plants, home remedies etc have no commercial value today. If they are patented and sold by a medical firm tomorrow, then they could become economically valuable
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