RESOURCES

RESOURCES

Anything that can be used to satisfy a need is a resource.

HOW DOES SOMETHING BECOME A RESOURCE?

• UTILITY -- Usability or coming into use.

• VALUE -- Its use or usability gives it a VALUE or WORTH. Sometimes economical also.

• TIME AND TECHNOLOGY -- Time taken by a substance to become a RESOURCE.

• TECHNOLOGY is the application of latest knowledge and skill in doing or making things.

TYPES OF RESOURCES

• Natural resources

• Human Made resources

• Human resources

NATURAL RESOURCES

Resources that are drawn from NATURE and used without much modification .

CLASSIFICATION OF NATURAL RESOURCES

• RENEWABLE NATURAL RESOURCES

• NON-RENEWABLE NATURAL RESOURCES