Question Video: Understanding Economic Value | Nagwa Question Video: Understanding Economic Value | Nagwa

Question Video: Understanding Economic Value

True or False: Sedimentary rocks, such as limestone, phosphates, and iron deposits have no economic value.

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Video Transcript

True or False: Sedimentary rocks, such as limestone, phosphates, and iron deposits, have no economic value.

Rocks of economic value can be mined, processed, and delivered to the marketplace for profit. So, do limestone, phosphates, and iron deposits have economic value?

Limestone is a carbonate rock composed of the mineral calcite. Limestone has widespread use as a building and decorative stone. It is also the raw material for making lime. Lime is used to treat soils and purify water. The purest limestone is used in foods and medicines, such as breakfast cereals and calcium supplements.

Phosphate rocks are economically important in the agricultural industry and are used as a fertilizer. Phosphates are also used to manufacture industrial chemicals, food additives, and animal feed supplements. The phosphate turquoise is also used as a gemstone in jewelry.

The extraction of iron from iron deposits is one of the most important industrial processes on Earth. Iron is used to make steel, which is incredibly important for the construction of cars, planes, and beams for large buildings.

We can see that limestone, phosphates, and iron deposits have numerous important agricultural, industrial, and commercial uses and are therefore economically valuable. So, the given statement which indicates that limestone, phosphates, and iron deposits have no economic value is false.

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