Introduction:

Resources are substances or things that provide utility and value to humans. However, the utility and value of a resource vary from time to time and place to place. In this article, we will discuss three examples to support this statement.

Examples:

1. Water: Water is one of the most essential resources for human survival. However, the value and utility of water vary from place to place. In areas where there is a shortage of water, the value of water increases, and people are willing to pay more for it. In contrast, in areas where water is abundant, the value of water decreases, and people take it for granted.

2. Land: Land is another resource whose value and utility vary from time to time and place to place. For example, a piece of land in a rural area may have a low value and utility because it is far from the city and does not have access to modern facilities. However, the same piece of land may have a high value and utility if it is located in a metropolitan area, where the demand for land is high, and it can be used for commercial purposes.

3. Natural Vegetation and Wildlife Resources: Natural vegetation and wildlife resources are essential for maintaining ecological balance. However, their value and utility vary from time to time and place to place. For example, in the past, forests were considered a hindrance to development, and they were cut down to make way for agriculture and urbanization. However, with the growing awareness of the importance of forests in maintaining ecological balance, the value and utility of forests have increased, and efforts are being made to conserve them.

Conclusion:

In conclusion, the utility and value of a resource vary from time to time and place to place. It is important to recognize this fact and manage resources accordingly to ensure their sustainable use.

For time take the example of natural gas. In the early time when coal was extracted at that time natural gas was thought as a waste and therefore was burnt away and removed. But nowadays it is used as a fuel and whenever it comes while taking out coal at that time it is used as a fuel.
For place take the example of bullet trains. These kinds of trains are mainly found in foreign countries such as Japan and many more but in India this kind of train are not of high value because they are not used in India.
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