Question

"Utility and Value of Resources vary from time to time and place to place"---this statement is True because -

A. We know less with growing technology.

B. Resource is a perception.

C. Needs of human being has also changed from time to time and with availability of resources.

D. Concept of Resource is a relative entity​

Answer 1

Answer:The value of the same resource in two such places will be different. Forexample, the price and the value of oil in UAE are much lower than that of India since UAE has much higher reserves of the resource. Utility and value of resources varies from time to time and place to place .

Explanation: