Question

Describe the types of resources classification on the basis of exhaustibility

Answer 1

The classification of the natural resources based on their development state can be states as follows:

1. Actual Resources.

2. Potential Resources.

3. Developed Resources.

4. Reserves.

5. Stock

Depending on the usage of the natural resources, they can be classified as:

1. Renewable Resources: natural energy sources that can be renewed and never inexhaustible.

2. Non-renewable Resources: Natural energy sources that cannot be renewed and is exhaustible