Question

Explain the following term:
Actualresources

Answer 1

Answer:

Actual resources are those that have been surveyed, their quantity and quality determined, and are being used in present times.

Explanation:

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Answer 2

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• Potential Resources are known to exist and may be used in the future. For example, petroleum may exist in many parts of India and Kuwait that have sedimentary rocks, but until the time it is actually drilled out and put into use, it remains a potential resource.

• Potential Resources are known to exist and may be used in the future. For example, petroleum may exist in many parts of India and Kuwait that have sedimentary rocks, but until the time it is actually drilled out and put into use, it remains a potential resource. Actual resources are those that have been surveyed, their quantity and quality determined, and are being used in present times.

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