The value of the resource is its

Name: The value of the resource is its
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The value of a resource is primarily determined by its importance to individuals or society. The more important a resource is, the higher its value. Scarcity does play a role in setting prices, but it is not the sole determinant of a resource's value. Substitutability and dependency may also affect a resource's value, but they are not as significant as importance.

The Value of the Resource Is Its