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Some resources have economic value. From the given list of options, with respect to the given context, which one is closest in meaning to the word Value?
- a)Renewable
- b)Skill
- c)Replenished
- d)Worth
Correct answer is 'D'. Can you explain this answer?
Most Upvoted Answer
Some resources have economic value. From the given list of options, wi...
Meaning of Value in Context
In the given context, the word "Value" refers to the economic worth of resources.
Explanation
Value refers to the worth or economic significance of a resource. It is the usefulness or importance of something that can be expressed in monetary terms. In the given context, the statement suggests that some resources have economic value, which means that they can be bought or sold, and their worth can be determined in terms of money.
Option Analysis
a) Renewable: This term refers to resources that can be replenished or restored naturally. While renewable resources have value, they do not necessarily have economic value, as they may not be bought or sold. Therefore, this option is not the closest in meaning to the word Value in the given context.
b) Skill: This term refers to the ability to do something well. While skills are valuable, they do not have economic value on their own. Therefore, this option is not the closest in meaning to the word Value in the given context.
c) Replenished: This term refers to the act of restoring or replacing something that has been used up. While replenished resources may have value, they do not necessarily have economic value. Therefore, this option is not the closest in meaning to the word Value in the given context.
d) Worth: This term refers to the value or importance of something expressed in monetary terms. Therefore, this option is the closest in meaning to the word Value in the given context.
Conclusion
In conclusion, the correct answer is option D (Worth) as it is the term closest in meaning to the word Value in the given context, which refers to the economic worth of resources.
In the given context, the word "Value" refers to the economic worth of resources.
Explanation
Value refers to the worth or economic significance of a resource. It is the usefulness or importance of something that can be expressed in monetary terms. In the given context, the statement suggests that some resources have economic value, which means that they can be bought or sold, and their worth can be determined in terms of money.
Option Analysis
a) Renewable: This term refers to resources that can be replenished or restored naturally. While renewable resources have value, they do not necessarily have economic value, as they may not be bought or sold. Therefore, this option is not the closest in meaning to the word Value in the given context.
b) Skill: This term refers to the ability to do something well. While skills are valuable, they do not have economic value on their own. Therefore, this option is not the closest in meaning to the word Value in the given context.
c) Replenished: This term refers to the act of restoring or replacing something that has been used up. While replenished resources may have value, they do not necessarily have economic value. Therefore, this option is not the closest in meaning to the word Value in the given context.
d) Worth: This term refers to the value or importance of something expressed in monetary terms. Therefore, this option is the closest in meaning to the word Value in the given context.
Conclusion
In conclusion, the correct answer is option D (Worth) as it is the term closest in meaning to the word Value in the given context, which refers to the economic worth of resources.
Community Answer
Some resources have economic value. From the given list of options, wi...
The closest one is worth because as we know that when worth of an object increases its value also increases.
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Some resources have economic value. From the given list of options, with respect to the given context, which one is closest in meaning to the word Value?a)Renewableb)Skillc)Replenishedd)WorthCorrect answer is 'D'. Can you explain this answer?
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