What do you understand by the statement “ natural resources have utility and value”?

 

Answer:

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Answer by Student

  • The statement means that natural resources are useful and beneficial for human beings and other living organisms.

  • For example, natural resources such as air, water, soil, plants and animal s are essential for the survival and well-being of all living beings. They provide oxygen, food, shelter, medicine, etc.

  • The statement also means that natural resources have a worth or price that can be measured in terms of money or other goods and services.

  • For example, natural resources such as minerals, metals, fuels, etc. have a h igh value in the market.

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