A commodity is a resource only when a culture recognizes it as such.

Name: A commodity is a resource only when a culture recognizes it as such.
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Question

Quizplus · Accepted Answer

The value of a commodity is determined by the cultural context in which it exists. For example, the value of gold is not intrinsic to the metal itself, but is based on the cultural belief that gold is a valuable and desirable resource. Different cultures may value different resources, and therefore, what is considered a commodity may vary from place to place.

A Commodity Is a Resource Only When a Culture Recognizes