If the cost of extracting a resource is too high, it may not be economically feasible, making it unviable as a resource even if it’s physically present in large amounts.
Class 8 Social Science Exploring Society: India and Beyond Part 1 Solution
Class 8 Social Science Textbook Chapter 1 Natural Resources and Their Use Question Answer
Extraction cost determines whether a natural element is usable as a resource. If retrieving it requires expensive machinery, labor, or causes major environmental harm, it may not be worth using. For example, deep-sea minerals might be abundant but are not widely exploited due to high extraction costs. Cost-effective access is crucial in deciding a resource’s practicality and usage.
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