classify resources on various accounts
Answers
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Resources are anything that has utility and adds value to your life. Air, water, food, plants, animals, minerals, metals, and everything else that exists in nature and has utility to mankind is a ‘Resource’. The value of each such resource depends on its utility and other factors. For example, metals are gold, silver, copper or bronze have economic value; i.e. they can be exchanged for money. However, mountains, rivers, sea or forests are also resources but they do not have economic value.
There are two types of resources:
Natural resources
Man-made resources.
Natural resources-
Anything and everything that is available naturally on earth is a natural resource. We can further divide them into:
Biotic & Abiotic
Any life form that lives within nature is a Biotic Resource, like humans, animals, plants etc. In contrast, an abiotic resource is that which is available in nature but has no life; like metals, rocks, and stones. Both biotic and abiotic resources can be renewable or non-renewable.
Renewable & Non-renewable
Renewable resources are almost all elements of nature which can renew themselves. For e.g. sunlight, wind, water, forests and likewise. While, non-renewable resources, are limited in their quantity. Like fossil fuels and minerals. Though these resources take millions of years to form, they would eventually get over within our lifetime if we use continuously.
Potential, Developed, and Stock Resources
Natural elements which are already easily available but humans are yet to discover their real power are Potential resources. For example, solar and wind energy are two natural resources, which have a high potential for the human life. Though we are using it, we can use these even more in the future once we understand their true potential.
Man-made resources-
When humans use natural things to make something new that provides utility and value to our lives, it is called human-made resources. For instance, when we use metals, wood, cement, sand and solar energy to make buildings, machinery, vehicles, bridges, roads etc. they become man-made resources. Likewise, technology is also a man-made resource. Man-made resources are mostly renewable. One can re-build a building or fixed a broken machine.
And, because humans have the skills, intelligence, and knowledge, and use technology to transform a natural resource into usable and valuable things, they themselves become a resource. That is what we know as Human Resource.
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Natural resources may be further classified in different ways. Resources can be categorized on the basis of origin: Abiotic resources comprise non-living things (e.g., land, water, air and minerals such as gold, iron, copper, silver). Biotic resources are obtained from the biosphere
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