Natural resources are available on the coast are sand, clay mineral deposits of oil and natural gas.

Explanation: Gold, silver, lead, along with copper, tin, mercury, and sulfur, are the minerals found in the Andes mountains. Since over a thousand years ago natives from the area had been mining gold and silver to create decorative elements that they used in different rituals.

There is a long history of mining in the Andes, from the Spanish silver mines in Potosí in the 16th century to the vast current porphyry copper deposits of Chuquicamata and Escondida in Chile and Toquepala in Peru. Other metals including iron, gold, and tin in addition to non-metallic resources are important.

Natural resources are materials from the Earth that are used to support life and meet people’s needs. Any natural substance that humans use can be considered a natural resource. Oil, coal, natural gas, metals, stone and sand are natural resources. Other natural resources are air, sunlight, soil and water.

Top 10+ Natural Resources in the World

• Water. 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.

Natural resources are substances that occur naturally. They can be sorted into two categories: biotic and abiotic. Biotic resources are gathered from the biosphere or may be grown. Abiotic resources are non-living, like minerals and metals.

Natural resources can be classified as potential, actual, reserve, or stock resources based on their stage of development. Natural resources are either renewable or non-renewable depending on whether or not they replenish naturally.

This article will discuss the top natural resources and what they are used for.

1. Water. Like soil, water is one of the most important natural resources for the existence of life.
2. Soil.
3. Timber.
4. Salt.
5. Oil.
6. Natural Gas.
7. Coal.
8. Iron.

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 …

Air, water, food, plants, animals, minerals, metals, and everything else that exists in nature and has utility to mankind is a ‘Resource’. The value of each such resource depends on its utility and other factors.

Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services. This includes not just land, but anything that comes from the land.

Natural resources may be further classified in different ways. Resources can be categorized on the basis of origin: Abiotic resources comprise non-living things (e.g., land, water, air and minerals such as gold, iron, copper, silver). Biotic resources are obtained from the biosphere.

Resources are broadly classified into natural, human-made and human. Natural resources are those that are taken from nature. They are used without modifying them, i.e. in the same form as they exist in. On the basis of level,of development, a resource can be actual or potential.

• On the basis of origin: Biotic- obtained from biosphere which have life. Abiotic- non living thing.
• On the basis of exhaustibility. Renewable – renewed by physical, chemical or mechanical ptocesses.
• On the basis of ownership. Individual – owned by a private individual.
• On the basis of the status of development.

Resources: Anything that has some utility to satisfy our needs is known as a resource. Human beings are important resources because their ideas, knowledge and skills lead to the creation of new resources. Types of Resources: There are three types of resources—Natural resources, Man-made resources and Human resources.

three types

A resource is a source or supply from which a benefit is produced. Resources can broadly classified upon their availability—they are classified into renewable and non renewable resources.

1. Resource: Anything that can be used to satisfy human needs is a resource. OR All the objects in the environment, which are useful to man and have a value, are called “Resources”. Utility: A thing becomes a resource when its utility has been identified.

It is not correct to say that gold is an ubiquitous resource as the term refers to a resource that is present everywhere. Gold is localised resource because it is found in specific regions.

The usefulness of the object gives it a value. As a resource is something that has utility, all resources have some value. The value of the object can be classified into two categories: Resources that have economic or commercial value.

Things become resources when they have a value. A resource gains it’s value by how it used or their utility.

Thus, they are resources which have “Aesthetic Value”. (c) Legal Value: Resources like, Air, Water, Land, etc.. Are essential part of life, thus, it become our responsibility to protect them from pollution. These are “Legal Values” of the resources.

Technology makes a substance a resource.

Plants

hydroelectricity

Actual resources are those resources whose quantity is known. These resources are being used in the present. The uranium found in Ladakh is an example of potential resource that could be used in the future. The rich deposits of coal in Ruhr region of Germany is an actual resource.

Actual Resources are those which have been surveyed, their quantity and quality determined and are being used in present times. Potential Resources: The uranium found in Ladakh is potential resource that could be used in the future.

When used as nouns, actual means something actually received, whereas potential means currently unrealized ability (with the most common adposition being to). When used as adjectives, actual means relating to a person’s acts or deeds, whereas potential means existing in possibility, not in actuality.

Actual resources are coal,Water, petrol Potential resources are uranium in Ladakh etc. actual resource are resources whose quantity is known and are used in present.eg black soil in maharashtra . potential resources are resources whose quantity is not known and are not used in present.eg uranium in ladakh.

Some examples of these resources are natural oil reserves of the Middle East, the hydroelectric power of Niagara Falls, iron ore deposits of Madhya Pradesh, petroleum and natural gas in West Asia and India’s Mumbai High, dark soils in Deccan plateau and rich coal deposits in Germany.