Resouces are basically the result of human intervention and are classified in the follwoing manner:
1.Natural resources -like coal and petrol, wood and water are directly drawn from nature.
2. Natural Resources can further be divided as following categories:
3. On the Basis of Origin- Resources can be biotic or abiotic. Biotic resources like animals are living. Abiotic resources are non-living like coal.
4. On the Basis of Availaibilty of Stock - Renewable resources can be used again and again and are unlimited in stock, like water, soil. Non-renewable source have a limited stock, eg, petroleum, Coal. Non renewable can be further divided into recyclable like water and non recyclable like fossil fuel.
5. Human Resources- Includes the population.
6. Human Made Resources- Sometimes natural resources are made useful only with human intervention, e.g. the extraction of iron from Iron ore.
d. But mere presence of resources are not enough, the process of transforming the resources which are naturally available to satisfy human needs involves an interaction between a number of factors most important being the technology and institutions.
e. Mere availability of resources is not enough, it is important to have required technology to harness such resources.. Appropriate technology will ensure optimum utilisation of such resources.
f. It is the interaction among various factors that is institutions, technology, infrastructure that can convert resources into something substantial to produce goods and services