What are Natural Resources? What factors determine the utility of a resource?
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natural resources are resource derived from nature. it is the utility of a product or service which makes it a resource
natural resources are resource derived from nature. it is the utility of a product or service which makes it a resource
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Resources are those substances which can be used to satisfy our needs provided it is technologically accessible, economically feasible and culturally acceptable. Resources extracted naturally from the Earth are called Natural Resources.
The utility of natural resources are determined by the value of resources, time, technology, human skills and the cost of processing a natural resources.
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