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Utility and value of a resource vary from time to time and place to place' Give anythree examples to support the statement. |
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Answer» Explanation: Utility and value of a resource varies from time to time and place to place. ... The value of the same resource in TWO such PLACES will be DIFFERENT. For EXAMPLE, the price and the value of oil in UAE are much lower than that of India since UAE has much higher reserves of the resource. |
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