NATURAL RESOURCES OF INDIA
FOREST CONSERVATION IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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difficulty in finding that resource
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Use or utility
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Time and technology
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its stock
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Detailed explanation-1: -The utility is what makes an object or substance a resource. The factors that determine the utility of any natural resources foremost are ‘human beings’ because only they have the ability to recognise any substances as resources, Utility simply means the ability to satisfy a want.
Detailed explanation-2: -Resource value, thus, is a function of both internal (the firm’s resource base and its managers’ characteristics) and external factors (the firm’s market position and customers valuing the firm’s output, as well as access to information).
Detailed explanation-3: -Utility or usability is what makes an object or substance a resource. If a substance can be used in any way, it is said to have a utility. Why are human resources important?