Anything that is used to satisfy a need is called a ______.

 

A. Product

B. Service

C. Resource

D. Utility

 

Answer:

Answer by Student

So, the correct answer is (C) Resource

Detailed Explanation by Teachoo


Now, let’s check all the options

  • Option (A) Product - A product is not anything that is used to satisfy a need. It is a material thing that can be sold or bought. For example, a car is a product, but it may not satisfy everyone’s need for transportation. So, this is incorrect .

  • Option (B) Service - A service is not anything that is used to satisfy a need. It is an activity that is done by someone for someone else. For example, a haircut is a service, but it may not satisfy everyone’s need for grooming. So, this is incorrect .

  • Option (C) Resource - A resource is anything that is used to satisfy a need. It can be natural or human-made, renewable or non-renewable, potential or actual, biotic or abiotic. For example, water is a resource that can satisfy the need for drinking, cooking, washing and many other purposes. So, this is correct .

  • Option (D) Utility - Utility is not anything that is used to satisfy a need. It is the ability of a resource to satisfy a need. It depends on the form, place, time and technology of the resource. For example, water has utility for drinking when it is clean and available, but it may not have utility for drinking when it is dirty or scarce. So, this is incorrect .

Thus, option (C) is correct

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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.