define the following actual resource
Answers
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Actual resources are those which have been surveyed, their quantity and quality determined and are currently being used.
Explanation:
Actual resources are those which have been surveyed, their quantity and quality determined and are currently being used. For example, petroleum and natural gas are actively extracted from the Mumbai High Fields. The development of an actual resource, such as wood processing, depends on the available technology and the costs involved. The part of the actual resource that can be produced profitably with current technologies is defined as a reserve resource, and the section that can not be created profitably due to a shortage of technologies is defined as a stock resource.
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