write a short note on different types of resources
Answers
Potential, Developed, and Stock Resources
For example, solar and wind energy are two natural resources, which have a high potential for human life. ... Most of the water, fossil fuel, minerals, plants and animals that we use for our need today, are developed resources
Answer:
Resources is a very broad term, it is basically anything that can be considered a valuable addition. Anything from air to gold is all resources. Let us take a look at the two broad types of resources – natural resources and man-made resources.
Explanation:
Resources are anything that has utility and adds value to your life. Air, water, food, plants, animals, minerals, metals, and everything else that exists in nature and has utility to mankind is a ‘Resource’. The value of each such resource depends on its utility and other factors. For example, metals are gold, silver, copper or bronze have economic value; i.e. they can be exchanged for money. However, mountains, rivers, sea or forests are also resources but they do not have economic value.
There are two most important factors that can turn any substance into a resource- time and technology. With the help of technology, innovation humans can transform a natural or man-made substance into a resource. Like, minerals, fish or other marine creatures sourced from the sea can be used for our food and medicines. Similarly, time also adds to the value of a resource. For example, fossil deposits of organisms over hundreds of years can turn into fossil fuels.