What is development ?explain the various type of resources
Answers
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→→Development is a process that creates growth, progress, positive change or the addition of physical, economic, environmental, social and demographic components.
→→Three types ←←
☆Types of Resources:
→Resources are usually classified into three types, viz. natural, human made and human resources.
→Natural Resource: Resources which are obtained from nature are called natural resources.
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Answer:
There are 2 types of development resources
1. Potential resources = Available resources in a country which r not fully traped
2. Actual Resources = The actual resources of a country are those which have been thoroughly surveyed and their quantities have been ascertained.
Example
1. Potential resources = Petroleum can be found in old sedimentary rocks of Himalayas or hydroelectricity can be generated by the force of falling water.
2. Actual Resources = Saudi Arabia has 25.9% of the world oil reserves.
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