Question

what are the factor that determine the utility of any natural resources​

Answer 1

Answer:

The factors that determine the utility of any natural resources foremost are ‘human beings’ because only they have the ability to recognise any substances as resources, followed by ‘time’ and ‘technology’ which transform a substance into a resource. Finally, the ‘value’ provides the economical worth of a substance and converts it into resource.

For example: Uranium found in Ladakh. It was primarily discovered by people, with time technology will be used to utilise it and then its economical value will finally transform it into a resource.

Answer 2

Answer:

Following are the factors that determine the utility of any natural resource:

(a) The form in which the resource occurs.

(b) The place where the resource occurs.

(c) The efforts needed to process the resource.

(d) The cost of processing the resource.