What are the factors on which …
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Yogita Ingle 5 years, 10 months ago
a. Mere presence of resources are not enough, the process of transforming the resources which are naturally available to satisfy human needs involves an interaction between a number of factors most important being the technology and institutions and how human beings transform them.
b. Human beings make machinery, devices by using natural resources, and transform them in something more valuable. In this entire process, they use their expertise, knowledge, skills
c. Human beings transforms natural resources in their original form into a more valuable form.
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