Question

What are resources ?​

Answer 1

Answer:

A resource is a physical material that humans need and value such as land, air, and water.

Resources are characterized as renewable or nonrenewable;

a renewable resource can replenish itself at the rate it is used,

while a nonrenewable resource has a limited supply.

Explanation:

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Answer 2

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Traditionally a resource was defined as a product of biological, ecological or geological processes (natural resources) that satisfies human wants. Resources are part of an ecosystem and one where it is important to maintain biodiversity and the Earth’s life-support systems (Costanzia et al., 1997). In more modern times the concept resources has come to refer to processes of capitalism and specifically to notions of development and state formation (Gregory et al., 2009).

Resources are now in the hands of governments or powerful corporations and the manner in which these resources are managed affects all humans as well as the physical environment.

Economic vs Ecological Views

There are three fundamental differences between economic and ecological views on resources:

An economic resource is human-centred and the ecological resource definition is nature-centred.

An economic view includes desire along with necessity, whereas the biological view is about basic biological needs.

Economic systems are based on markets of currency exchanged for goods and services, whereas biological systems are based on natural processes of growth, maintenance and reproduction.

Natural resources therefore need be differentiated from human-made resources, such as money, factories, information, labour and computers. Many humans use natural resources without considering the broader consequences of their use. For example every time you get in a car and drive you are using oil that pollutes the atmosphere through the exhaust gases released. When we turn on our gas central heating in the winter we are adding to the level of CO2 in the atmosphere. Consider also how oil and gas have a role in international economic and political relations. What is the role of Saudi Arabia or Qatar given the world’s wider dependence on their oil and gas?

Any substance found in Earth’s biosphere is simply another part of nature and is of no importance or value economically — that is, until society has a use for it.