Class 10 Exam  >  Class 10 Questions  >  How have technical and economical development... Start Learning for Free
How have technical and economical development leads to more utilization of resources ?
Most Upvoted Answer
How have technical and economical development leads to more utilizatio...
Technical and Economic Development and Resource Utilization


Introduction

The utilization of resources is an essential factor in the development of a country's economy. Technical and economic development has played a significant role in increasing the utilization of resources. The following are ways in which technical and economic development has led to the more utilization of resources.

Improved technology

Improved technology has increased the utilization of resources in various sectors. It has led to the efficient use of resources, reducing waste and increasing output. For instance, the use of modern agricultural equipment has increased food production, leading to the efficient utilization of land and water resources.

Innovative production processes

Innovative production processes have led to the more utilization of resources. The utilization of renewable energy sources, such as solar and wind energy, has reduced the dependence on non-renewable energy sources. This has led to a reduction in the depletion of non-renewable resources.

Increased investment

Increased investment in various sectors has led to the more utilization of resources. For instance, investment in infrastructure development has led to the efficient utilization of land and water resources. This has led to increased production and economic growth.

Increased competition

Increased competition has led to the more utilization of resources. Companies are forced to use resources efficiently to remain competitive. This has led to the development of innovative production processes and the efficient use of resources.

Conclusion

In conclusion, technical and economic development has led to the more utilization of resources. Improved technology, innovative production processes, increased investment, and increased competition have played a significant role in increasing the utilization of resources. This has led to increased production, economic growth, and sustainable development.
Community Answer
How have technical and economical development leads to more utilizatio...
Technological and economic development leads to more consumption of resources because :An improvement in technology leads to an increased production  thereby making use of more resources.Technological development also leads to reduction in the cost of production therefore the product is sold at a cheaper cost.This cheaper cost induces the buyer to buy more amount of this product which further increases the production and the use of resources.Economic development provides a conducive environment ofr the technology to flourish.
Attention Class 10 Students!
To make sure you are not studying endlessly, EduRev has designed Class 10 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 10.
Explore Courses for Class 10 exam

Top Courses for Class 10

How have technical and economical development leads to more utilization of resources ?
Question Description
How have technical and economical development leads to more utilization of resources ? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about How have technical and economical development leads to more utilization of resources ? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How have technical and economical development leads to more utilization of resources ?.
Solutions for How have technical and economical development leads to more utilization of resources ? in English & in Hindi are available as part of our courses for Class 10. Download more important topics, notes, lectures and mock test series for Class 10 Exam by signing up for free.
Here you can find the meaning of How have technical and economical development leads to more utilization of resources ? defined & explained in the simplest way possible. Besides giving the explanation of How have technical and economical development leads to more utilization of resources ?, a detailed solution for How have technical and economical development leads to more utilization of resources ? has been provided alongside types of How have technical and economical development leads to more utilization of resources ? theory, EduRev gives you an ample number of questions to practice How have technical and economical development leads to more utilization of resources ? tests, examples and also practice Class 10 tests.
Explore Courses for Class 10 exam

Top Courses for Class 10

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev