Question

what do you understand by the term actual and potential resources explain briefly?​

Answer 1

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Potential Resources are known to exist and may be used in the future. For example, petroleum may exist in many parts of India and Kuwait that have sedimentary rocks, but until the time it is actually drilled out and put into use, it remains a potential resource.

Actual resources are those that have been surveyed, their quantity and quality determined, and are being used in present times.

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Answer 2

Answer:

Actual resources are resources whose availability of quantity and quality is known.  

Potential resources are the resources which exist in a particular area and can be used in the future.