Question

The most appropriate definition of a natural resource is that it is a substance/commodity that is

• A. Present only on land
• B. A gift of nature which is very useful to mankind
• C. A man-made substance placed in nature
• D. Available only in the forest

Answer 1

Answer: (B)

A gift of nature which is very useful to mankind

Natural resources are naturally occurring substances that are considered valuable in their unmodified (natural) form. A natural resource's value rests in the amount of the material available and the demand for it. A commodity is generally considered a natural resource when the primary activities associated with it are extraction and purification, as opposed to creation. Thus, mining, petroleum extraction, fishing, hunting and forestry are generally considered natural-resource industries, while agriculture is not. Natural resources are mostly classified into renewable and non-renewable resources.

So, the correct answer is 'A gift of nature which is very useful to mankind'