Question
Classify resources and discuss each type.
Answer
Resources can be broadly classified into two categories: Natural resources and Human-made resources.
- Natural resources: Natural resources are resources that occur in nature and are not created by human beings. They can be classified into the following categories:
- Renewable resources: Renewable resources are those that can be replenished over time through natural processes. Some examples include solar energy, wind energy, hydropower, and biomass.
- Non-renewable resources: Non-renewable resources are those that are finite and cannot be replenished once they are depleted. Examples include fossil fuels like coal, oil, and natural gas, and minerals like iron, copper, and gold.
- Biotic resources: Biotic resources are those that come from living organisms, such as timber, wildlife, and fisheries.
- Abiotic resources: Abiotic resources are those that come from non-living sources, such as minerals, water, and air.
- Human-made resources: Human-made resources are resources that are created by human beings for their own use. They can be classified into the following categories:
- Infrastructure resources: Infrastructure resources are those that are built by human beings for their own use, such as roads, buildings, bridges, and airports.
- Knowledge resources: Knowledge resources are those that are created through human intellect and skill, such as scientific knowledge, technology, and education.
- Financial resources: Financial resources are those that are created through human economic activities, such as money, stocks, and bonds.
