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Explain interdependent relationships between resources technology and institutions?
Wiki User
∙ 11y ago
Here is the example-
suppose you have petrol(natural resource or nature).
Then you have a car that runs on petrol and the technology of petrolem refineries(technology).
And then you have car factories and petroleum refineries(institutions).
So if petrol is not there the other two wont be there.
And if technology is not there, then there will not be petroleum refineries and there will be no way we can use petrol properly.
And if institution is , whatis the use of technology as we cant produce the technology without the institutions like factories.
So all these are inter related
Wiki User
∙ 11y ago
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