natural and man made resource are classified on the basis of
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Every man-made product in an economy is composed of natural resources to some degree. 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.
Resources provided by nature are called Natural resources. Example - Air, Water, Petroleum, Coal. Resources made by human beings are called Manmade resources. Example - Machines, Vehicles, Roads.
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Classification of natural resources on the basis of their exhaustibility: ... Non-renewable Resource: Resources which cannot be replenished in the near future are called non-renewable resources, e.g. coal and petroleum.
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