Question

What is meant by production by adding utility to natural wealth?​

Answer 1

Utility of Place

This includes the extraction of natural resources from earth e.g. mining of ores, gold, coal, metal ores, etc. These are further transported to markets where they can be sold.

Answer 2

Answer:

Utility of Place

Another process involves changing the place of the resources, to a place where they experience a greater demand and use. This includes the extraction of natural resources from earth e.g. mining of ores, gold, coal, metal ores, etc. These are further transported to markets where they can be sold.