Quick Answer: What Are Examples Of Resources?

What are the two main types of resources class 10?

Biotic Resources: All living organisms in our environment are called biotic resources.

For example, trees, animals, insects, etc.

Abiotic Resources: All non-living things present in our environment are termed as abiotic resources.

For example – earth, air, water, metals, rocks, etc..

What are examples of capital resources?

Capital resources are man-made tools and equipment used to produce a product. Examples of capital resources are factories, equipment, and tools such as hammers, saws, and computers.

What are resources give examples?

The definition of a resource is something that is ready to use if or when it is needed. An example of resource is extra money in a savings account. An example of resource is a friend with electrical skills who has volunteered to help install a lighting fixture. An example of resource is spring water on a piece of land.

What are the two types of resources?

There are two main types of natural resources, renewable and non-renewable resources.

What is the main purpose of resources?

resource. An economic or productive factor required to accomplish an activity, or as means to undertake an enterprise and achieve desired outcome. Three most basic resources are land, labor, and capital; other resources include energy, entrepreneurship, information, expertise, management, and time.

What is importance of resources?

Resources are important for the development of any country. For example, to generate energy, one need fossil fuels; and for industrial development, we require mineral resources. … Natural resources are getting scarce with the increasing population, so it is essential to conserve them.

What are the 10 natural resources?

Top 10+ Natural Resources in the WorldWater. While the earth may be mostly water, only about 2-1/2 percent of it is freshwater. … Air. Clean air is necessary for the existence of life on this planet. … Coal. Coal is estimated to be able to last less than 200 more years. … Oil. … Natural gas. … Phosphorus. … Bauxite. … Copper.More items…

What is the most important resource?

Human resourceHuman resource is considered to be the most significant resource of a country, which directly contributes to the countries economy with its productivity.

What are the 4 types of resources?

The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

What are 20 natural resources?

Natural Resources by CountryBauxite.Coal.Copper.Diamonds.Gold Lead.Iron ore.Mineral sands.Natural gas.More items…

What are the classification of resources?

Resources can be classified in the following ways– (a) On the basis of origin – biotic and abiotic (b) On the basis of exhaustibility – renewable and non-renewable (c) On the basis of ownership – individual, community, national and international (d) On the basis of status of development – potential, developed stock and …

What are the six natural resources?

The six natural resources most drained by our 7 billion peopleWater. Freshwater only makes 2.5% of the total volume of the world’s water, which is about 35 million km3. … Oil. The fear of reaching peak oil continues to haunt the oil industry. … Natural gas. … Phosphorus. … Coal. … Rare earth elements.

How many types of resources are there?

three typesResources are usually classified into three types, viz. natural, human made and human resources.

What are resources in simple words?

noun. a source of supply, support, or aid, especially one that can be readily drawn upon when needed. resources, the collective wealth of a country or its means of producing wealth. Usually resources. money, or any property that can be converted into money; assets.

What are the 5 types of resources?

Natural ResourcesBiotic & Abiotic. Any life form that lives within nature is a Biotic Resource, like humans, animals, plants, etc. … Renewable & Non-renewable. Renewable resources are almost all elements of nature which can renew themselves. … Potential, Developed, and Stock Resources.

What are resources explain?

A Resource is a source or supply from which a benefit is produced and that has some utility and worth. … Resources can broadly be classified upon their availability — they are classified into renewable and non-renewable resources.

What are the 3 different types of resources?

In general, there are three types of resources or sources of information: primary, secondary, and tertiary.