1. Natural and man-made resources are classified on the basis of
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Every man-made product in an economy is composed of natural resources to some degree. Natural resources can be classified as potential, actual, reserve, or stock resources based on their stage of development. Natural resources are either renewable or non-renewable depending on whether or not they replenish naturally.
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Every man-made product in an economy is composed of natural resources to some degree. Natural resources can be classified as potential, actual, reserve, or stock resources based on their stage of development. Natural resources are either renewable or non-renewable depending on whether or not they replenish naturally.
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