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Question

Write the differences between actual and potential resources.


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Solution

Answer:

Anything available in our environment that can be used to fulfil our desires is recognized as a resource, given that it is technically accessible, economically viable, and culturally appropriate.

Potential resource

The resources that are present in a specific region and can be used in the future are classified as potential resources. The exact quantity and consistency of the resource are uncertain. Advanced technology is needed to make the best use of these resources.

Actual resource

Actual resources are the resources where quantity is known which are being used in the present. Actual resources are the ones surveyed, determined by their quantity and consistency. Coal, water, and petrol are actual resources. The importance of each of these resources depends on its usefulness and other considerations.

Differences between actual and potential resources

The differences between actual and potential resources are tabulated below.

Actual resources Potential resources
Those resources are identified in their total quantity. Such resources which total quantity is not recognized.
At the current time, they are being used. They are not actually being used.
In order to use these resources, accessible technology is used. As technology grows it is possible to use it in the future.
Examples: Trees, mines Example: Mineral oil can be used in major parts of India where sedimentary rocks are present, but it can not be used due to a lack of technology.

Articles to Explore:

  1. What is a potential resource?
  2. Write five examples of actual and potential resources.
  3. What are the various types of resources?

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