Question

Things that have utility are valuable, Why?

Answer 1

Answer:

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Explanation:

The modern industrial economy is characterized by a high degree of interdependence of its parts. The supplier of components or raw materials, for example, must deliver the desired quantities of his products at the right moment and in the desired specifications. In economies such as those of western Europe, North America, and Japan, the coordination of these activities is done through the price system. The relative prices of the various inputs (e.g., labour, materials, machinery) tend to determine the proportions in which they will be used. Prices also affect the relative outputs of the various final products, and they determine who will consume them. Value theory, therefore, studies the structure of these decisions, analyzes the influence of prices, and examines the efficiency of the resulting allocation of resources. Value theory is also applied by business firms and government agencies in their decisions that relate to pricing and the allocation of resources.

Answer 2

Things that are useful to man are considered valuable resources.

Explanation:

• The concept of utility is to value or give worth, for some pleasure or satisfaction to man and represent a consumer preference to the things and performs some function maximizes the use.

• They are assets for man and his goal or aim is to maximize profit.

• Like the coal was unknown resources before, later is became a valuable resource and is now getting exhausted, just like oil and natural gas that are nonrenewable but valuable resources due to the functions they perform.  

• Man uses technology and culture to make or convert the raw matter to finished resources. Wind is also a resource depends on how man is using it.

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• brainly.in/question/16052901 answered by Brainly User.