Question

10 point about resources and economic development​

Answer 1

Answer:

• Everything in our environment which can be used to satisfy our needs and is technologically accessible, economically feasible and culturally acceptable is termed as ‘Resource’.
• Resources can be classified in the following ways:  
• (a) On the basis of origin – biotic and abiotic  
• (b) On the basis of exhaustibility – renewable and non-renewable  
• (c) On the basis of ownership – individual, community, national and international  
• (d) On the basis of the status of development – potential, developed stock and reserves
• Resource planning is essential for the sustainable existence of all forms of life. Sustainable Economic Development means “development should take place without damaging the environment, and development in the present should not compromise with the needs of future generations.”

Answer 2

Answer:

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