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