Question

What is a resource ? What are the criteria for any substance to become a resource ?

Answer 1

EVERUTHING AVILABLE IN OUR SURROUNDINGS WHICH SATISFY OUR NEED,IT IS TECHNOLOGICALLY ACCESIABLE,ECONOMICALLY FEASIBLE AND CULTURALLY ACCEPTABLE IS RESOURCE

CRITERIA
BASIC OF ORIGIN
BASIC OF STATUS OF DEVELOPMENT
BASIC OF OWNERSHIP
BASIC OF EXHAUSTIBILITY

Answer 2

Resource:

Resource is a fundamental ‘source or supply’ from which an advantage is created and it has some utility. It can extensively be characterized upon their accessibility. They are arranged into inexhaustible and non-sustainable resources.

Examples of non-inexhaustible assets are raw petroleum, coal, atomic vitality, flammable gas and so on. Instances of ‘inexhaustible assets’ are air, water, wind, solar vitality and so on.

The criteria for any substance to become a resource are as follows:

• It must be available always.
• It must be portable as well as conventional.
• Time and technology also acts as important criteria.