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Answer:
Important term to remember:
The earth has an environment that sustains different forms of life.
1. Resource: Anything that can be used to satisfy human needs is a resource. OR All the objects in the environment, which are useful to man and have a value, are called "Resources".
2. Utility: A thing becomes a resource when its utility has been identified. For e.g. Existence of "OIL" on Earth – millions of years, but it became a resource only when man learnt how to use it.
3. Value: Value means worth. The use of a resource depends on its value.
(a) Economic Value: Some resources can be bought or sold, or can be used to make things that can be bought or sold. For e.g. Minerals.
(b) Aesthetic Value: We enjoy the beauty of mountains, waterfalls, sea, landscapes. Thus, they are resources which have "Aesthetic Value".
(c) Legal Value: Resources like, Air, Water, Land, etc.. Are essential part of life, thus, it become our responsibility to protect them from pollution. These are "Legal Values" of the resources.
(d) Ethical Value: "Ethical Values" of the resources indicates us that we should protect our flora and fauna from intensive cutting of trees and killing of wildlife.
Explanation: