Question

what r the points needed in assignment "importance of resource" shortly

Answer 1

Natural resources sustain the human race and all living organisms on the planet.

From our standpoint, natural resources are the starting points for economic activities comprising Land, Labour and Capital.

Every product in existence goes through what economists call the “value Adding” method.

For example by digging up and piling iron ore into mounds ready for sale, value is added.

By smelting the ore into iron products an increase in value is added.

The “Value Adding” method is the main way governments calculate GDP.

Whilst this is a academic description of the importance of natural resource, the true answer is survival.
metals that can be obtained from their ores, e.g., aluminum, iron, lithium, uranium, silver, etc.

fossil fuels such oil, natural gas or coal.

that which ‘sits’ on the Earth such as land and lakes, as well as animals and plants

Answer 2

Answer:

Resources are important for the development of any country. For example, to generate energy, one need fossil fuels; and for industrial development, we require mineral resources. 6. Irrational consumption and over utilisation of natural resources has led to socio-economic and environmental problems.