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Question

What are the various types of resources?


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Solution

Answer:

Resources is a vast concept. Resources are everything that is useful and contributes value to society. A resource is a water, air, food, animals, plants, metals, minerals, and anything else that exists in nature and also has usefulness to human civilization. The value of such a resource is based on its functionality and other variables.

Metals, for example, have an economic value includes silver, gold, bronze or copper, i.e. they can be traded for profit. However, rivers, mountains, forests, or sea are also resources but have no economic benefit.

Two types of resources

The types of resources are

  • Natural resources

The resources available in the environment in which people can use are called natural resources. We need to conserve our natural resources since they are restricted in amount. Natural resources sustain a balanced ecosystem and environment.

Examples:

  1. Water
  2. Fossil fuels such as coal and petroleum,
  3. Forest and wildlife
  • Human-made resources

If humans use natural things to create something better that makes our lives usefulness and meaning, it’s considered as human-made resources. Since people have the expertise, intellect and experience and use technology to turn a natural resource into useful and beneficial things, and they become a resource themselves.

Examples:

  1. When human use woods, metals, sand, cement, and solar energy to make houses, machinery, cars, bridges, roads, and so on are known to be human-made resources.
  2. Technology is a human-made resource, too. Most of the human-made resources are renewable. One can rebuild a house or get a broken computer repaired.

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