Question

Main characteristics of resources : functionality , utility and dynamism . Explain

Answer 1

A resource is a source or supply from which a benefit is produced. Resources can broadly be classified upon their availability—they are classified into renewable and non-renewable resources. They can also be classified as actual and potential on the basis of level of development and use, on the basis of origin they can be classified as biotic and abiotic, and on the basis of their distribution, as ubiquitous and localized (private resources, community-owned resources, natural resources, international resources). An item becomes a resource with time and developing technology.