what do you understand by utility value of a resources? Explain with suitable example
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Resources are anything that has utility and adds value to your life. ... For example, metals are gold, silver, copper or bronze have economic value; i.e. they can be exchanged for money. However, mountains, rivers, sea or forests are also resources but they do not have economic value.
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Resources are anything that has utility and adds value to your life. ... For example, metals are gold, silver, copper or bronze have economic value; i.e. they can be exchanged for money. However, mountains, rivers, sea or forests are also resources but they do not have economic value.
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