How do we classify natural resources on the basis of their stock?
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On the basis of stock natural resources are classified into Renewable and Non-renewable types.
Renewable Resources: Such resources are renewed quickly. These are found in abundance and unaffected by human activities. For example, solar and wind energy.
Non-Renewable Resources: Such resources have a limited stock in the nature and may take thousands of years to get renewed. Since this period is much more than human life span, they are called Non-Renewable Resources. For example, coal deposits, petroleum deposits etc.
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Explanation:
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 status of development – potential, developed stock andreserve
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