Q(4)THE TYPE OF RESOURCES ON THE BASIS OF STOCK ARE. UBIQUITOUS AND LOCALISED ACTUAL AND POTENTIAL RENEWABLE AND NON RENEWABLE ABIOTIC AND BIOTIC
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Resources
Resource: Anything which has some utility for us is called a resource. Some resources have economic value, while some do not. For example; milk has economic value, but a beautiful landscape has no economic value. But both are important because both satisfy some human needs.
Time and technology are two important factors which can change a substance into resources. For example; petroleum was not a resource before people learnt to use it.
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