Question

Identify the importance of the types of resource

Answer 1

Answer:

Types of Resources

Resources is a very broad term, it is basically anything that can be considered a valuable addition. Anything from air to gold is all resources. Let us take a look at the two broad types of resources – natural resources and man-made resources.                                                                                                           There are two most important factors that can turn any substance into a resource- time and technology. With the help of technology, innovation humans can transform a natural or man-made substance into a resource. Like, minerals, fish or other marine creatures sourced from the sea can be used for our food and medicines. Similarly, time also adds to the value of a resource. For example, fossil deposits of organisms over hundreds of years can turn into fossil fuels                                                                          

Natural Resources and Man-Made Resources

Anything and everything that is available naturally on earth is a natural resource.                                                                                                         Man-Made Resources

When humans use natural things to make something new that provides utility and value to our lives, it is called human-made resources. For instance, when we use metals, wood, cement, sand, and solar energy to make buildings, machinery, vehicles, bridges, roads, etc. they become man-made resources. Likewise, technology is also a man-made resource. Man-made resources are mostly renewable. One can re-build a building or fixed a broken machine.