Q.Difference between Renewable and Non -Renewable natural resources with Examples??
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Explanation:
Natural resources undoubtedly play an important role in the economy of many countries. Whether their contribution to development is positive or negative is, however, a contested and difficult question. Arguably countries like Australia, Botswana and Norway have gained enormously over long periods from their natural resources, others like Azerbaijan, Kazakhstan and Russia have gained in economic growth terms but maybe at the expense of institutional development, while in some countries, such as Angola and Sierra Leone, natural resources have been at the heart of violent conflicts with devastating effects for society. With many developing countries being highly resource dependent a deeper understanding of the sources and solutions to the potential problem of natural resources is highly relevant. This brief reviews the main issues and points to key policy challenges for turning resource rents into driver rather than a detriment of development.
Renewable Resources
◆They can replenish themselves by quick recycling within a reasonable time
◆They are not likely to be exhausted
- Eg:- Soil, forest , wild life
Non- Renewable Resources
◆They cannot replenish themselves by recycling and replacement.
◆They may be exhausted
- Eg :- Fossil fuel like coal and petroleum.