alleryIn the study of resources, what does the word value stand for?
ACost paid in the market
BWorth of the resource
CWeight of the resource
DStock held by a country
Answer & Solution
Correct answer: B. Worth of the resource
1. Things become resources when they have value.
2. Value means worth, which comes from the use or utility of the thing.
3. Value is not the same as market price, because some resources have no economic value.
_Source: NCERT Class 8 Resources and Development, Chapter 1 Resources_
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