What are resources ? What is their value ?
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Value means worth. The use of a resource depends on its value. Following are the types of values: (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.
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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".
Value: Value means worth. The use of a resource depends on its value.
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