how natural resources are classified
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There are several ways to classify natural resources, including where they come from and if they are renewable or not. If natural resources come from living things or organic materials, then they are considered biotic resources. Biotic resources include plants, animals, and fossil fuels.
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Natural resources can be classified as potential, actual, reserve, or stock resources based on their stage of development. Natural resources are either renewable or non-renewable depending on whether or not they replenish naturally. Natural resource utilization is regulated through the use of taxes and permits.
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