Write the differences between actual and potential resources.
Write the differences between actual and potential resources.
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.
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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. |
