Question

some resources have economic value while some don't. Explain
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Answer 1

Answer:

Some resources have economic value owing to their demand and scarcity, whereas, some other resources do not have economic value owing to their abundance and negligible demand. Explanation: Resources like crude oils, precious metals, Valuable minerals, etc., have a great demand from all over the world.

Explanation:

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Answer 2

Answer:

Ok FRIEND

Here u go

Some resources which can be sold or bought, or can be utilised to make things which can be sold and bought is referred to as economic value. It refers to the value that is related to the benefit of the commodity/object, its profit, price, its demand in the society and so on. Some resources have economic value owing to their demand and scarcity, whereas, some other resources do not have economic value owing to their abundance and negligible demand. Resources like crude oils, precious metals, Valuable minerals, etc., have a great demand from all over the world whereas the mountains and rivers are also resources but do not have an economic value.

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